Question

find the compound interest on Rupees 62500 at 8% per annum for 1 years , if the interest is compounded quarterly.​

Answer 1

Answer:

compound intrest formula is --

P*R*T/100

where p- principle

r- rate (always in percentage)

t - time (always in years)

$62500 \times 8 \times 1 \ \div \\ 100 = 5000 \\ answer \: is \: 67500(62500 + 5000)$

Step-by-step explanation:

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