Math, asked by aakash1244, 1 year ago

16000 at 20% for 1 year compounded quarterly find the compound interest for the following

Answers

Answered by athyaking

$16000 \times20 \times 1 \div 100$
$160 \times 20$
$320$

aakash1244: thanks

ankitaanilchavan: It's wrong answer

ankitaanilchavan: Using formula

ankitaanilchavan: P*(1+(r/4)/100)^(4*n) is formula used to solve it .

ankitaanilchavan: n= years,P=principal,r=rate of interest

athyaking: explain you

aakash1244: thank you so much ankita

athyaking: explain ankita

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