Find the compound interest on 62,500. at 8% per annum for 1 year. if the interest is compound quarterly.
Answers
Answered by
2
Answer:5000
Step-by-step explanation:
Using A=P+{1+(R/100)}^time
=62500(1/1+8/100)^1
=62500×108/100
=625×108
=67500
CI=A-P
=67500-62500
=5000
Hope this helps you
vipinmamgai68:
but the answer is 5152.01
Answered by
4
hope this will help you
Attachments:
another question plz
Find the compound interest on 80,000 at 15% pa for 1 yr if the interest is compound after every four months
Similar questions