Math, asked by santa19, 13 hours ago

Find the compound interest on Rs. 140000 for one year at the rate of 10% per annum, if the interest is compounded quarterly.



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Answers

Answered by kumaranshusingh2807
6

Answer:

Given, P=32000 Rs

R=10 % p.a

n=9 months =

4

3

year

If interest compounded quarterly,

Amount = P(1+

4×100

R

)

4n

=32000(1+

400

10

)

4

3

=32000(1+0.025)

3

=34460.5Rs

Compound interest = Amount - Principal

=34460.5−32000

=Rs.2460.50

Step-by-step explanation:

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Answered by deepak9140
42

Step-by-step explanation:

Given

Principal = Rs 1,40,000

Time = 1 yrs

Rate = 10% per annum

Formula used

Amount= P(1+r/100)^n

where

P= Principal,

r= rate of interest,

n= time amount

Calculation

= 1,40,000(1+10/100)⁴

=1,40,000(110/100)⁴

=1,40,000(11/10)⁴

=1,40,000(14,641/10,000)

=1,40,000(1.46)

=2,04,400

Compound Interest = Amount - Principle

= 2,04,400 - 1,40,000

=64,400

Hence Compound Interest in rs.64,400

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