Question

Find the compound interest and the total amount after 1 year and 1 month if the interest is compounded quarterly. Principal = 768 Rate of interest = 100% per annum Total amount = ₹ Compound interest =​

Answer 1

Answer:

T= 1 yr 1 month

P = 768

R= 100%

So, 1yr 1month = 13 months

The formula to find compound interest is A = P(1+r/100)^t

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A= P(1+r/100)^t

= 768 (1+100/100)^13

= 768 (1+100/100)^13

= 768 (2/1)^ 13

= 768* 26/1

= 768* 26/1 = 1998

So,1998 is Amount or total Amount

Now let us find Compound interest

So, CI = A-P

CI = 1998-768 = 19200

So. Compound Interest= 19200rs

Hope it helps

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Answer 2

Answer:

total amount=2031.25

compound interest =1263.25

Step-by-step explanation:

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