Question

find the compound interest on rupees 62,500 8%per annum for 1 year, if the interest is compounded quartly.​

Answer 1

Answer:

The compound interest is 3320100.5

Step-by-step explanation:

Principal=62500

R/4=2

4T=4

Amt. =P{1+(R/100)}^4T

62500(1+2/100)^4

62500*51/50*51/50*51/50*51/50

3382600.5

CI=Amt.-Principal

62500-3382600.5

=3320100.5

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