Math, asked by mnithinkumar9, 6 months ago

Calculate compound interest on 1000 over a period of 1 year at 10% per annum, if
interest is compounded quarterly?

Answers

Answered by crushycandy

1

Answer:

ANSWER

Given: P=1000,R=10% per annum =

4

10

% per quarter (1 year is 4 quarters) =2.5

T=1 year=4 quarters

∴ interest over 4 quarters will be Rs.103.8

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