Question

Rohit deposited Rs 10000 in a bank for 6 months . If the bank pays compound interest at 12% per annum , reckoned quarterly , find the amount to be recieved by him on maturity

Answer 1

p=₹1000
r=12%
t=6months
=6/12
=1/2 years
a=
$p(1 + r \ 100) ^{t}$