find the compound interest on ₹1800 for 1 years at the rate of 4% compounded quarterly.
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Principal = ₹1800
Time = 1 year
Rate = 4%
In compound interest
A= P(1+r/100)¹
A= 1800(1+4/100)¹
A= 1800*104/100
A= 1,872
CI=A - P
CI = 1,872-1800
CI = 72₹
Hope it may help you
Time = 1 year
Rate = 4%
In compound interest
A= P(1+r/100)¹
A= 1800(1+4/100)¹
A= 1800*104/100
A= 1,872
CI=A - P
CI = 1,872-1800
CI = 72₹
Hope it may help you
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