Question

1.Find the compound interest on Rs.25000 FOR 6 months at 8%p.a when interest is compounded quaterly @Mathematics

Answer 1

how many times interest will be paid to u ??

Answer 2

rate of interest is 8 % p. a.
so quaterly payment will be there

Answer 3

what is the formula of compounding

Answer 4

i know all these but still im asking u to help u it in better way

Answer 5

A = P(1 + R/100 )^ t

Answer 6

gr8 gary

Answer 7

so R = 8 % P.A.
but quaterly payment will be there right so what will be R then

Answer 8

8/4 % P.A ?????????????

Answer 9

gud

Answer 10

but not 2 % P.A. it will be 2% per quater

Answer 11

so ur formula can be re-written as
\[Amount = Principal \times (1 + \frac{Rate}{4 \times 100})^t\]

Answer 12

got it ???

Answer 13

THNKS

Answer 14

see the normal formula is
\[Amount = Principal \times (1 + \frac{Rate}{n})^{nt}\]

Answer 15

but in ur stated question their is only 2 times payment so we cant use "n"

Answer 16

what happened ???

Answer 17

\[Amount = 25000 \times (1 + 0.02)^{2}\]