Find the compound interest and total amount after 1 year if the interest is compounded quarterly principal is rupees 256 and rate is hundred percent per annum
Added by Ross B.
Step 1
We are given the principal amount (P) as 256 rupees, the rate of interest (R) as 100% per annum, and the time (T) as 1 year. The interest is compounded quarterly, which means the interest is calculated and added to the principal four times a year. Show more…
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