Question

find the compound interest on 10000. 12 month at 10% per annum if interest is compounded quarterly​

Answer 1

Step-by-step explanation:

principal (p) = 10000

time(t)=12month =12×4=48/12=4 quater

rate(r)=10% =10/4=5/2%

CI=P(1+R/100)^T

= 10000(1+5/2)^4

=10000(1+5/2)^4

=10000(2/2+5/2)^4

=10000 (7/2)^4

=10000 ×7/2×7/2×7/2×7/2

=10000×2401/16

=1500625

so,the compound interest is rs. 1500625.

I HOPE THIS WILL HELP YOU

Answer 2

Answer

Compound Interest=Rs.1038.128

Step-by-step explanation:

I hope I help you

thanks