Find the compound interest on rupees 2000, for 1 year at 16% per annum compounded quarterly "I DON'T WANT - Maths - Compound Interest

Question

Find the compound interest?on rupees 2000, for 1 year at 16% per
annum compounded quarterly ?"I DON'T WANT THE SIMILAR QUERY,KINDLY
SEND THE CORRECT AND STEP BY STEP CALCULATION"

Neha Sethi · Accepted Answer

Dear student

Principal, P=Rs 2000Time,n=1 yearRate of interest ,r=16%When interest is compounded quaterly,Amount,A=P1+R41004n=20001+1641004×1=20001+41004=20001+1254=200025+1254=2000×26254=2000×1
169=Rs 2338So, compound interest =A-P=2338-2000=Rs 338
Regards

Find the compound interest?on rupees 2000, for 1 year at 16% per annum compounded quarterly.?"I DON'T WANT THE SIMILAR QUERY,KINDLY SEND THE CORRECT AND STEP BY STEP CALCULATION".