Find the C.I on Rs $10, 000$ for $1$ years at $20$ % per annum compounded quarterly.

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Solution

$C . I . = A ({1 + \frac{r}{100})}^{n} - a$
Here it is compounded quaterly so n = 4 for one year
$C . I . = 10000 ({1 + \frac{20}{100})}^{4} - 10000$

$= R s 10736$

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