find the compound interest on rupees 320000 for 1 year at the rate of 20% per annum if the interest is compounded quarterly
please it's urgent
Answers
Answered by
42
We know that A = P(1+r/100)^n
= 320000(1+0.20/4)^4
= 320000(1+0.05)^4
= 320000(1.05)^4
= 388962.
CI = A - P
= 388962 - 320000
= 68962.
= 320000(1+0.20/4)^4
= 320000(1+0.05)^4
= 320000(1.05)^4
= 388962.
CI = A - P
= 388962 - 320000
= 68962.
Answered by
22
Answer: 68962
Step-by-step explanation:
=P(1+r/100)^n
= 320000(1+0.20/4)^4
= 320000(1+0.05)^4
= 320000(1.05)^4
= 388962.
CI = A - P
= 388962 - 320000
= 68962.
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