Math, asked by chauhanneeraj92229, 10 months ago

Find the compound. interest on rs 1800 for 1 year at the rate of 4% p.a compounded quarterly

Answers

Answered by zealkenia

1

Answer:

Rs. 73.08 is the compound interest for 1 year on Rs.1800

Step-by-step explanation:

calculation as per compound interest method

as interst is compounded quaeterly

i = 4%/4 = 1%

to find compunt interest for one year

n = 4

n

P * i

4

1800 * (0.01)

= 73.08

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