Question

The compound intrest on rs 2000 for 1. 1/4 yr is 10% per annum the intrest being payable quaterly will
be,​

Answer 1

four quarters in a year

so time = 5/4 × 4 =5 yrs

and rate = 10/4 % =5/2 % =5/200 =1/40

ci =p { (1 + r/100)^n -1}

= p{ ( 1 + 1/40 )^5 -1 )

= 2000{ ( 1 +1/40)^5 -1 }