Question

Q] Rupees 10,000 for 6 months at 2% per annum compounded quarterly.

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Answer 1

$si = \frac{p \: \times r \: \times t \: }{100}$

$si \: = \frac{10000 \times \frac{6}{12} \times 2}{100}$

$si \: = \frac{10000 \times 6 \times 2}{100 \times 12} = 100.$

$amount \: = principal \: + si \:$

$amount \: = 10000 + 100 = 10100$

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