Find the total amount and total interest after six months if the interest is compounded every quarter. Principal = ₹10{,}000 Rate of interest = 20 \%=20%equals, 20, percent per annum

Amount = $11025

Interest = $1025

Step-by-step explanation:

Amount in a compound interest is given by

where P is the principal, R is the rate and T is the time.

The interest is compunded quarterly i.e. 4 times a year. Hence its rate per quarter will be 20% ÷ 4 = 5%.

The principal is compunded for six months which is 2 quarters. Therefore, T = 2.

The interest is A - P = 11025 - 10000 = $1025

7

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900 degrees

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