find the compound interest on rupees 50000 for 1 year year at the rate of 8% when the interest is compounded quarterly
find the compound interest on rupees 50000 for 1 year year at the rate of 8% when the interest is compounded quarterly
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Answer:
4000 ruppres
Step-by-step explanation:
principal - 50000
rate of interest - 8%
time - 1 year
amount - p(1+r/100)*n
50000×(1+8/100)
50000×108/100
54000
C.I.-. amount - principal
54000 - 50000
4000