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Formula for Amount(Rate Compounded Semi Annually) Find the comp...
Question A ₹ 400.0401 No worries! We‘ve got your back. Try BYJU‘S free classes today! B ₹ 406.0401 Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses C ₹ 410.0401 No worries! We‘ve got your back. Try BYJU‘S free classes today! D ₹ 414.0401 No worries! We‘ve got your back. Try BYJU‘S free classes today!
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Solution The correct option is B ₹ 406.0401 Principal (P) = ₹ 10000 Rate (R) = 4% per annum which is 1% per quarter Time (n) = 4 (as 1 year has 4 quarters in it) Using the formula A = P × (1+R100)n, we have, Amount = [10000 × (1+1100)4] = 10,406.0401 Compound Interest = Amount - Principal ∴ C.I. = ₹ (10,406.0401 - 10000) = ₹ 406.0401
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