Question

Find the compound interest on rs.1000 for 10 years at 4% per annum if the interest is calculated quarterly​

Answer 1

Answer:

488.86

Step-by-step explanation:

A = p (1+r/100) n

A = 1000 ( 1 + 4/4/100) 4x10

A = 1488.86

C.I = A-P = 1488.86 - 1000 = 488.86