Question

Sudershan deposited rupees 32000 in a bank , where the interest is credited quarterly. if the rate of interest be 5% per annum, what amount will he receive after 6 months

Answer 1

i think u can understand this

Answer 2

Answer:

Rs.32805

Step-by-step explanation:

Principal = 32000

No. of compounds = 4

Rate of interest = 5%

Time = 6 months = 0.5 year

$A=P(1+\frac{r}{n})^{nt}$

$A=32000(1+\frac{5}{400})^{4 \times 0.5}$

$A=32805$

Hence He will receive Rs.32805