Question

principal is equals to 20000; rate = 20% per annum compounded quarterly time = 1 year. find compound interest using the formula

Answer 1

The compound interest is  Rs.4310.125

Step-by-step explanation:

Principal = Rs.20000

Rate r = 20% =0.20

No. of compounds per year n = 4

Time = 1 year

Formula : $A = P(1+\frac{r}{n})^{nt}$

Where A= Amount

P = Principal

r = rate of interest

n = No. of compounds

t = time

$A = P(1+\frac{r}{n})^{nt}$

$A = 20000(1+\frac{0.2}{4})^{4}$

A=24310.125

Compound interest = Amount - Principal = 24310.125-20000 = Rs.4310.125

Hence The compound interest is  Rs.4310.125

#Learn more:

Find the compound interest on rupees 10000 for 1 year at 20% per annum compounded quarterly​

https://brainly.in/question/13193451

Answer 2

here is your answer mate

mark as brainliest