The compound interest on ₹ 10000 at 8% per annum for 6 months compounded quarterly is
Answers
Answered by
17
Answer:
p=10,000
T=6 month =6/12*4=2 quarterly
R= 12%=12/4=3
A=P(1+r/100)
A=10,000*(1+3/100)*2
A=10,000*(103/100)
A10,000*103/100*103/100
A=10,609
Step-by-step explanation:
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Answered by
22
Answer:
I hope this answer will satisfy your needs
Step-by-step explanation:
principal amount given is Rs. 10, 000
Interest rate is 8% per year for 12 months.
It is compounded half yearly.
So,After 6 months, interest added =
100
8
×10,000
=Rs.800.
Sum = 10000+800
=Rs. 10,800.
After 12 months, It is compounded with interest
=10,800×
100
8
=Rs.8.64
∴ Compound interest =800+864
=Rs.1664
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