Question

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

Answer 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