Question

the compound intrest on 40000 at 10% p.a. for 1 year when the intrest is payable quarterly is ??​

Answer 1

Answer:

P = 4000

R=10 %

T = 1 year (quarterly )

A= P (1+R/100)^T

= 4000 ( 1+10/100×4)^1

= 4000 ( 1+10/400)

= 4000 ((400+10)/400)

= 4000 × 410/400

= 10×410

=4100

Compound Interest (CI ) = A - P

= 4100-4000

= 400