Question

find out the compounded interest on rs 16000 for 1 year at 20% per annum when the interest is payable quaterly​

Answer 1

Answer:

D=Rs16000

D=Rs16000If interest are quaterly

quaterly⇒ThenRate = 20 = 2 years

2

⇒C.I = 16000 [ 1 + 10 ]

100

⇒ C.I = 16000 [ 11 ]²

10

⇒ C.I = 16000 × 11 × 11 = 16 × 12 × 10

10 10

⇒ 19360 rupees