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Find the compound interest on Rs 64000 f...

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

Text Solution

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Principal`=`Rs `64000`
Time`=1` year
Rate`=10%`
`=64000(1+ 1/4)^4 `
` =64000(1.025)^4 `
` =64000×1.10381`
` =70644.025`
Amount is Rs `70644.025`
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