1.

1.Rs 10000 deposit into SBI for 3 year at 8% rate of interst compounded semi- annually calculate.2. Rs 10000 deposit into SBI for 3 year at 8% rate of interest compounded quarterly?

Answer»

Answer:

EXPLANATION:

Formula is as under:-

Rs 10000 deposit into SBI for 3 year at 8% rate of INTERST compounded semi- ANNUALLY calculate.

1.   10000*208/200*208/200*208/200*208/200*208/200*208/200

= 12653.19

Rs 10000 deposit into SBI for 3 year at 8% rate of interest compounded quarterly?

2.  10000*408/400*408/400*408/400*408/400*408/400*408/400

               *408/400*408/400*408/400*408/100*408/400*408/400

=  12738.36



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