Nitin deposis ₹10000 at 20% p.a.compounded quarterly. What is the total amount and interest he will get after 6 months?

Open in App

Solution

No of quarters in a year is 4 not 3.

A quarter is made of four pieces, not 3. Hence we mutiplied and divided by 4.

Suggest Corrections

Similar questions

Q. Sudershan deposited Rs 32000 in a bank, where the interest is credited quarterly. If the rate of interest be 5% per annum, what amount will he receive after 6 months?

Calculate the amount and compound interest on ₹10000 for 9 months at 4,℅ per annum compounded quarterly

Suresh deposited Rs 7500 in a bank for 6 months at the rate of 8% p.a., interest being compounded quarterly. Find the amount he received after 6 months.

Ravi deposited 50,000 rupees in a bank, which gives 6% interest, compounded quarterly. How much would he get back after 9 months?

Q. Shyam deposited in a ban Rs.

7500

for

6

months at the rate of

8 %

interest compounded quarterly. Find the amount the received after

6

months.

Join BYJU'S Learning Program

Nitin deposis ₹10000 at 20% p.a.compounded quarterly. What is the total amount and interest he will get after 6 months?

No of quarters in a year is 4 not 3. A quarter is made of four pieces, not 3. Hence we mutiplied and divided by 4.

No of quarters in a year is 4 not 3.

A quarter is made of four pieces, not 3. Hence we mutiplied and divided by 4.