Question

Find the amount and compound interest on Rs 10000, borrowed for a year at 12% p.a. compounded quarterly

Answer 1

Answer:

CI = 1255.0881            A = 11255.0881

Step-by-step explanation:

R = 12/4 = 3

T = 1 x 4 = 4

P = 10000

A = P [1 + R/100]^T

A = (10000 x 103 x 103 x 103 x 103) / (100 x 100 x 100 x 100)

A = 11255.0881

CI = A-P

CI = 11255.0881 - 10000

CI = 1255.0881

Answer 2

Answer:

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