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  • Find the compound interest on Rs 20000 at 12% per annum for 6 months, compounded quarterly.

Find the compound interest on Rs 20000 at 12% per annum for 6 months, compounded quarterly.

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Here, P=Rs 20000, R=frac124% , per, quarter=3% , per, quarter

and n=6 months =2 quarters.

herefore , Amount=Rs(20000 imes(1+frac3100)^2)

herefore , Amount=Rs(20000 imesfrac103100 imesfrac103100)

herefore , Amount=Rs, 21218

C.I.=(Amount)-(Principal)

      =Rs(21218-20000)=Rs 1218

Posted by

Deependra Verma

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