calculate compound interest on $1000 over a period of one years at 10% per annum if interest is compounded quarterly
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Abbreviations used in the calculations:
1. Compound Interest = CI
2. Rate of interest = R
3. Time period = T
4. Per annum = p.a.
5. Principal = P
6. Amount = A
Refer the attachment for solution.
1. Compound Interest = CI
2. Rate of interest = R
3. Time period = T
4. Per annum = p.a.
5. Principal = P
6. Amount = A
Refer the attachment for solution.
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harshavardhan2658:
wrong
whats the correct answer
Answered by
1
refer to attachement for better understanding
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