Find the compound intrest on Rs. 64000 for you
at the rate of 10.1 per compounded quataly
Answers
Answered by
0
Answer:
We know formula for compound interest compounded quarterly
Amount=P(1+
n
r
)
nt
CompoundInterest=Amount−Principal
Given,
principal=Rs64000
Time=1year
Rate=10%
=64000(1+
4
.1
)
4
=64000(1.025)
4
=64000×1.10381
=70644.025
Amount is Rs70644.025
Compound interest will be=(70644.025-64000)=Rs6644.025
I HOPE THAT IT WOULD HELP U AND MARK ME AS THE BRAINIEST
Step-by-step explanation:
Similar questions