Find C.I. on Rs.25,000 for 6 months at 8% p.a. when the intrest is compounded quaterly​

Question

Find C.I. on Rs.25,000 for 6 months at 8% p.a. when the intrest is compounded quaterly​

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Autumn 1 month 2021-08-14T06:58:07+00:00 1 Answer 0 views 0

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    2021-08-14T06:59:18+00:00

    Answer:

    Rs 1010

    Step-by-step explanation:

    1 quarter = 12/4 = 3 months

    T = 2 quarters,& rate quarterly R = 8/4=2%

    c.i =p[ (1+ R/100)^T – 1]

    =25000 [ (1 + 2/100)^2 – 1] = Rs 1010

    Trick : 2% = 2/100

    2/100*25000 = 500

    c.i=500 + 500+ 2/100* 500 = 1010

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