Question

Find the compound interest on ₹ 10000 at 20% per annum for 3/4 years, while the interest is compounded quarterly..
plz solve it

Answer 1

Answer:

82610

Step-by-step explanation:

Given, Principal = 10000, R = 20% = 5% per quarter, Time = 3/4 years = 3 years.

We know that A = P(1 + r/100)ⁿ

⇒ 10000(1 + 5/100)³

⇒ 10000(1 + 1/20)³

⇒ 10000(21/20)³

⇒ 10000(9261/8000)

⇒ 92610.

We know that CI = A - P

⇒ 92610 - 10000

⇒ 82610.

Therefore, Compound interest = 82610.

Hope this helps!