Find the compound interest on Rs. 2000 for one year at the rate of '20%' per annum. If theinterest compounded quarterly.

Given:

Principal = Rs. 2000

Rate of interest = 20% p.a. compounded quarterly.

Time = 1 year

To find:

The compound interest.

Solution:

Formula for amount:

where,

P = Principal

r = Rate of interest

t= Time

n = number of times interest compounded in an year.

Putting P=2000, r=0.2, n=4 and t=1, we get

Now, the compound interest is

Therefore, the compound interest is Rs 431.0125.

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step-by-step explanation:

p - 6

step-by-step explanation

so you know that it cost $6 to see a movie you subtract p - 6 to get your answer

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