Question

find the compound interest on rupees 10000for 1yrs at 10% pa if the interest is compounded quaterly​

Answer 1

Answer:

11038.12

Explanation:

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Answer 2

Answer:

₹1038.13

Explanation:

Let the principal be ₹P.

CI=P{(1+r         )⁴ⁿ -1}

           ¹⁰⁰ˣ⁴

  =₹10000{(1+₄₀₀¹⁰)⁴-1}

  =₹10000{(⁴¹⁰₄₀₀)(⁴¹⁰₄₀₀)(⁴¹⁰₄₀₀)(⁴¹⁰₄₀₀)-1}

 =₹10000 x 410 x 410 x 410 x 410

           ⁴⁰⁰ ˣ ⁴⁰⁰ ˣ ⁴⁰⁰ˣ ⁴⁰⁰

    =₹11038.12890625

CI ≈₹11038.13