calculate compound interest on $1000 over a period of one year at 10% per annum if interest is compounded quarterly
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A= P[1-R/400]^4
A=1000[1-10/100]^4
A=1000[1O+I/10]^4
A=1000×11/10×11/10
A=1O×11×11
A=10×121
A=1210
A=1000[1-10/100]^4
A=1000[1O+I/10]^4
A=1000×11/10×11/10
A=1O×11×11
A=10×121
A=1210
harshitpanwar:
you too have find amount and that is also wrong
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CI=P×R×T/100
=$1000×10%×1 year/100
=10000/100
=$100
So compound interest (CI)=$100
=$1000×10%×1 year/100
=10000/100
=$100
So compound interest (CI)=$100
that is simple interest
ok
ok
compound interest is simple interest only
for first term
second term onwards it is different
you know that it is first or second term
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