Question

What is the compound interest for 1 year as repayment of interest once in 4 months at the rate of 30% interest per annum on the Original Rs. 28,000.​

Answer 1

Step-by-step explanation:

Interest, in its most simple form, is calculated as a percent of the principal. For example, if you borrowed $100 from a friend and agree to repay it with 5% interest, then the amount of interest you would pay would just be 5% of 100: $100(0.05) = $5.