I am leaving from branily app who are interested to tell the answer please answer this whose rank is brainly star please answer this is my last question
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We have,
- Principal = 256
- Time = 1 year
- Rate = 100%, as it is compounded quaterly rate = 100/4 = 25%
So, the compound interest will be;
= C.I = p - p
= C.I =256 × - 256
= C.I = 256 × - 256
= C.l = 256 × - 256
= C.l = 256 × 625/ 256 - 256
= C.l = 625 - 256
= C.I = 369
Thus, the interest when compounded quaterly will be Rs.369.
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