Question

If u invest rs 100 at 40 annual interest compound quarterly.How much will you receive one year?

Answer 1

Principal = Rs 100
Rate 40percent
Time 1 year
Since quarterly
Number of time 3
Therefore
$p(100 + r \div 100) - p$
100(100+40\100)-100
100(140/100)-100
100*140/100-100
140-100
40
Therefore amount
$a = p + compound \: interest$
A=100+40
140