Question

Find the compound interest on Rs. 160000 for one year at the rate of 20% per annum, if the

interest is compounded quarterly.
​

Answer 1

Answer:

Principal (p) = Rs 160000 Rate (r) = 20% = 20/4 = 5% (for quarter year) Time = 1year = 1 × 4 = 4 quarters By using the formula, A = P (1 + R/100) n = 160000 (1 + 5/100)4 = 160000 (105/100)4 = Rs 194481 ∴ Compound Interest = A – P = Rs 194481 – Rs 160000 = Rs 34481

Explanation:

hope this helps please maje me as brillant