Question

TO FIND THE COMPOUND INTEREST WHEN INTEREST IS CALCULATED i.Annually ii. Semi - Annually iii. Quarterly​

Answer 1

Answer:

annually n=1

semi Annually n=2

Quarterly n=4

use the formula

A=P (1+r/n)^nt

CI=A-P

Step-by-step explanation:

hope helpful

Answer 2

Answer:

The general formula for Compound Interest is

CI = P * [{( 1 + r/100n)^nt} - 1] where,

CI = Compound Interest

P = Principle

r = Yearly rate if interest, %

n = no of periods on which CI is calculated

T = time period, years

Suppose,

8000 times 1.12 times 1.12 times 1.12 for 12% compounded yearly

8000*1.12=8960

8960*1.12=10035.20

10035.20*1.12=11239.42

12% interest compounded daily is equivalent to 12.74746 compounded annually

so

8000 times 1.1274746 times1.1274746 times 1.1274746 =11465.96