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Find the Compound Interest on Rs 64000 for 1 Year at the Rate of 10% per Annum Compounded Quarterly. - Mathematics

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प्रश्न

Find the compound interest on Rs 64000 for 1 year at the rate of 10% per annum compounded quarterly.

संख्यात्मक
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उत्तर

To calculate the interest compounded quarterly, we have: 
\[A = P \left( 1 + \frac{R}{400} \right)^{4n} \]
\[ = 64, 000 \left( 1 + \frac{10}{400} \right)^{4 \times 1} \]
\[ = 64, 000 \left( 1 . 025 \right)^4 \]
 = 70, 644 . 03
Thus, the required amount is Rs 70, 644 . 03.
Now, 
CI = A - P
 = Rs 70, 644 . 025 - Rs 64, 000
 = Rs 6, 644 . 03

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अध्याय 14: Compound Interest - Exercise 14.1 [पृष्ठ ५]

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आरडी शर्मा Mathematics [English] Class 8
अध्याय 14 Compound Interest
Exercise 14.1 | Q 11 | पृष्ठ ५

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