Question

the C.I on 4000 for 6 months at 12%p.a payable quarterly is

Answer 1

I think answer is 999.9

Answer 2

Answer:

Step-by-step explanation:

P=4000

T=6 months i.e 2 quarters

R=12% p.a i.e 3 % for 1 quarter

C.I =P{(1+r/100)^n -1}

4000{(1+3/100)^2-1}

4000{(100+3/100)^2-1}

4000{(103/100)^2-1}

4000{(1.03)^2-1}

4000{(1.0609-1)}

4000{0.0609}

243.60. (ANS)

HOPE THIS WILL BE HELPFULL.....