Multiple choice

Rs. 36000 is borrowed at compound interest at the rate of 8% per annum. What will be the amount to be paid after 6 months, if the interest is compounded quarterly? 8% प्रतिवर्ष चक्रवृद्धि ब्याज पर 36000 रू. उधार लिया जाता है। यदि ब्याज दर त्रैमासिक चक्रवृद्धि है, तो 6 महीने बाद भुगतान किया जाने वाला राशि कितनी होगी?

  1. Rs. 37454.4

  2. Rs. 38005.4

  3. Rs. 37552.8

  4. Rs. 38203.2
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A Correct answer
Explanation

Quarterly rate = 8%/4 = 2% per quarter. Time = 6 months = 2 quarters. Amount = Principal × (1 + rate)^time = 36000 × (1 + 0.02)² = 36000 × 1.0404 = 37454.40. Quarterly compounding increases frequency, slightly boosting returns.

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