Question

Find compound interest on Rs. 1000 at 40% p.a compounded
quarterly for 1 year
a) Rs. 464.1
b) Rs. 446.1 c) Rs. 646.1 d) Rs. 666​

Answer 1

Answer:

646.1

Step-by-step explanation:

D=Rs16000Ifinterestarequaterly⇒ThenRate=220=2years⇒C.I=16000[1+10010]2⇒C.I=16000[1011]2C.I=16000×1011×1011=16×12×10=19360rupees