find the compound interest on rupees 320000 for 1 year at the rate of 20% per annum if the interest is compounded quarterlyplease it's urgent
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The compound interest RS 64000
Solution: P (1-20/100)1 this is formula outer 1 is of one year P =320000 20/100 = 1/5 ,5×1-1/5= 4/5 . Therefore 32000× 4/5, 320000/5= 64000×4=256000 . Therefore I =P - A = 320000-256000=64000Rs.
Solution: P (1-20/100)1 this is formula outer 1 is of one year P =320000 20/100 = 1/5 ,5×1-1/5= 4/5 . Therefore 32000× 4/5, 320000/5= 64000×4=256000 . Therefore I =P - A = 320000-256000=64000Rs.
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