Question

principal is 70000 rate is 10% time is 1 year find compound interest and amount if it is compounded quarterly ​

Answer 1

Answer:

compound interest = PTR/100

= 70000*10*1/100

= 7000

Answer 2

Answer:

A=77175 rupees , CI=7175 rupees

Step-by-step explanation:

A=p(1+r/200)2n

= 70000(1+10/200)1×2

=70000(21/20)2

=70000×21×21/(20×20)

=77175 rupees

CI=A-P

= 77175-70000

=7175 rupees