Answers

2016-02-21T15:57:43+05:30
P = Rs. 8000
r = 20% quarterly
n = 6 months = 1/2 year

∴ CI = P[(1+r/400)^(1/2*4)+1]
8000[({400+20}/400)²-1]
= 8000[(420/400)²-1]
= 8000[(176400-160000)/160000]
= 116400/20
= Rs. 5840
0