Question

is 4%.
Calculate compound interest on 1000 over a period of 1 year at 10% per annum, if
interest is compounded quarterly?​

Answer 1

Answer:

Step-by-step explanation:

A =P (1 + r/n)^(nt)

P=1000 R=10 N = 4   T = 1

BY SUBSTITUTING , WE GET

A= 1,103.81

C. I = 103.81

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