Question

Mr ashwanth invest money in FD how much will get on maturity if rupees 10,000 is invested at 20% per annum compound interest for 6 month find compounded quarterly​

Answer 1

Answer:

11025

Step-by-step explanation:

A=P(1+R/4)^4*n

_______

100

Answer 2

Mr Ashwanth will get Rs 11,025 on maturity.

In compound interest, the final amount is given as:

A = P[(1 + r/n)]⁽ˣⁿ⁾

where,

A is the final amount,

P is the Principal amount (Rs 10000)

r is the rate percentage = 20% p.a. = 20/100 = 0.2.

n = 4, as the C.I. is compounded quarterly.

xn is the time period = [(6÷12)years]×4               [1 month = 1/12 years]

= 0.5×4 = 2

Puttng these values, we get:

A = 10,000[(1 + 0.2/4)]^2

= 10,000[1 + 0.05]^2

=  10,000[1.05]^2

= 10,000 × 1.1025

= Rs 11,025

He will get Rs 11,025.