find the amount and compound interest on rs10000 for one year at 12% per annul compounded quarterly.
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Given:-find the amount and compound interest on rs10000 for one year at 12% per annul compounded quarterly.
To solve the sum we use general formula of Amount and compound interest
formula of Amount=p(1+r/100)t[p is principal ,r is rate of interest and I is interest]
Formula of compound interest=Amount-principal
Amount=10000(1+12/100)¹ruppes
=10000(112/100)¹ruppes
=10000×28/25ruppes
=11200 ruppes
Compound interest =Amount-principal
=11200-10000 ruppes
=1200 ruppes
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