Question

The compound interest on Rs 40000 at 6% per annun for 6
months compounded quarterly.​

Answer 1

Answer:

1209 Rs = CI

Step-by-step explanation:

WHEN COMPOUNDED quarterly= rate = 6/4 = 3/2 and time =6/12*4=2

amount = p (1+r/100)^t

a=40000((1+3)/200)^2

a=40000*203/200*203/200

a=203*203

a=41209

so ci = a-p

so ci = 41209 - 40000

ci=1209 Rs

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