Question

find the compound interest . p=rs 3000 ,r=10% per annum compounded quarterly , t= 1 years

Answer 1

Answer:

Step-by-step explanation:

Answer 2

Answer:

Compound interest = Rs 311.438

Step-by-step explanation:

A= Amount due

Principal amount (P) = 3000

Compounded quarterly n = 4

Time (t)= 1 year

Rate = 10% = 0.1

Formula for compound interest is

A = P(1+$\frac{r}{n}$)^{nt}

    =  3000(1+0.1/4)^{4}

    = Rs. 3311.438

Interest = Amount - principal amount

             = Rs. 311.438

Therefore, the interest = Rs. 311.438