Question

What is the difference (in Rs) in Compound interest earned in 1 year on a sum of Rs 10,000 at 40% per annum compounded quarterly and annually?

A) 461 B) 346 C) 463 D) 641

Answer 1

Step-by-step explanation:

$\bf \blue{D) 641}$

Answer 2

Answer:

C.I for one year 10000 x 40 x 1 / 100 = 4000

Rate is quarterly

R= 40/4 × 10%

[ Cl quarterly 10, 000 ( 1+ 10 / 100 ) ^ 4

= 4641

Difference = 4641 - 4000 = 641 Rs.