Question

the amount and compound interest on rupees 4000 for 1 year at 16% per annum compounded quarterly

Answer 1

Answer:

Amount = Rs. 4679.43, Compound Interest = Rs. 679.43

Step-by-step explanation:

Principal, P = Rs. 4000

Time, T = 1 year

Rate of Interest, R = 16 % p.a.

Now,

Amount, A = P ( 1 + R/400 ) ^ 4t

A = 4000 ( 1 + 16/400 ) ^ 4

A = 4000 ( 1.04 ) ^ 4

A = 4000 * 1.04 * 1.04 * 1.04 * 1.04

Amount = Rs. 4679.43 (approx.)

Now,

Compound Interest, CI = A - P

CI = 4679.43 - 4000

CI = Rs. 679.43

Answer 2

i want explanation also. This app is not helpful for me and my problems because hear explanations are not available. In every question i got correct answer but i am not got explanation so that's why i can't understand