Compound Interest Quarterly
Compound Interest Quarterly
Calculating Interest Compound Quarterly:
In this case the rate is divided by 4 and the time in years is multiplied by 4.
1. Find the compound interest on Rs. 160000 for 12 months at 820% per annum, compounded quarterly.
Principal= Rs 160000
Time = 12 months
Rate = 20% = 5 % when compounded quarterly
Compound Interest = amount - principal
= 194481-160000
= 34481 Rs.
Find the compound interest on 10,000 Rupees if Rohit took loan from a bank for 1 year at 8 % per annum, compounded quarterly? | |||
| Right Option : C | |||
| View Explanation | |||
Find the compound interest on Rs. 160000 for one year at the rate of 20% per annum, if the interest is compounded quarterly? | |||
| Right Option : A | |||
| View Explanation | |||
If 1,500.00 rupees is invested at a compound interest rate 4.3% per annum compounded quarterly for 72 months, find the compound interest? | |||
| Right Option : C | |||
| View Explanation | |||
Students / Parents Reviews [20]
Abhyas institute is one of the best coaching institute in the vicinity of Ambala Cantt area. The teachers of the institute are well experienced and very helpful in solving the problems of the students.The good thing of the institute is that it is providing extra classes for the students who are w...
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Hridey Preet
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Archit Segal
7thAbhyas institute is one of the best coaching institute in the vicinity of Ambala cantt.The institute provides good and quality education to the students.The teachers are well experienced and are very helpful in solving the problems. The major advantages of the institute is extra classes for weak...
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