Find the compound interest on Rs. 64000 for 1 year at the rate of 10% per annum compounded quarterly.
Given,
Principal = Rs.64000
Time = 1 year = 1×4 = 4 quarters
Rate = 10% = 
Hence,
Compound interest = 
= 
11
Find the compound interest on Rs. 64000 for 1 year at the rate of 10% per annum compounded quarterly.
Given,
Principal = Rs.64000
Time = 1 year = 1×4 = 4 quarters
Rate = 10% =
Hence,
Compound interest =
=