Question

calculate compound interest on 1000 over a period of 1 year at 10./. per annum ,if interest is compounded quaterly

Answer 1

Given

Principal ( P) =Rs1000

rate of interest (R) =10%

No of years = 1

To find

compound interest=?

Solution

Amount=P×(1+R/100) ⁿ

=1000×11/10

=1100

amount=Rs1100

Compound interest=Amount-principal

=1100-1000

=100

compound interest=Rs100

Answer 2

Here is ur answer hope it hlps:)