Question

7. Find the amount and compound interest
10,000 borrowed for a year at 12% p.a.
compounded quarterly.​

Answer 1

answer

, given, principal= 10000

rate = 12%

time =1 p.a.

now amount = p(r+1/100)^time

= 10000(12+1/100) ^1

= 10000(1201/100)

= 10000×1201/100

= 120100 rs answer

and now , compound interest= 120100-10000

= 20100

Answer 2

Answer:

120 and 10,120

Step-by-step explanation:

Principal = 10,000

Time = 1 year

Rate = 12%

Compound interest = PTR / 100

= 10000×12×1/100

= ₹120

Amount = principle + interest

= 10,000 + 120

=₹10,120