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Maths Puzzle
Find compound interest on Rs. 10000 at 10% p.a. for 4 years, if interest is compounded annually.
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- Comound interest = 10000*(11/10)^4 - 10000 = Rs. 4641
- 10 years agoHelpfull: Yes(2) No(0)
- 4641 Rs.
Compound interest=p(1+ r/100)^n - p
=10000(1+ 10/100)^4 -10000
=10000(1.4641)-10000=14641-10000= 4641 - 10 years agoHelpfull: Yes(1) No(1)
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