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