Question

Find the compound interest on rs 15000 for 1 year at 5% per annum in compound quaterly.​

Answer 1

thanks for asking

C.I = p (1+r/100)^n-1

= 15000 (1+5/100)^1-1

=15000 (105/100)-1

=15000×105/100-1

=15750-1

compound interest =$15749

may be this is right

Answer 2

Answer:

764.1800537 rupees is the compound interest on  rs 15000 for 1 year at 5% per annum in compound quaterly.​

Step-by-step explanation:

principal=15000

time=1year

rate=5%

A = P ( 1 + R/4 )4n

so

amount=15000(1+(5/100*4))to the power4(here we have taken 4 because its compounded quarterly)

amount=15764.1800537

then ci is amount-principal

so the ci is 764.1800537