The compound interest on ₹ 4000 for 4 years a | vedclass

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Question

(A) Given: Principal $(P)$ = ₹ $4000$,Time $(n)$ = $4$ years,Rate $(r)$ = $10 \%$ per annum.The formula for Compound Interest $(C.I.)$ is:$C.I. = P \l

Vedclass · Accepted Answer

$1856.40$

Vedclass · Answer

(A) Given: Principal $(P)$ = ₹ $4000$,Time $(n)$ = $4$ years,Rate $(r)$ = $10 \%$ per annum.The formula for Compound Interest $(C.I.)$ is:$C.I. = P \left[1 + \frac{r}{100}ight]^n - P$Substituting the values:$C.I. = 4000 \left[1 + \frac{10}{100}ight]^4 - 4000$$C.I. = 4000 \left[1.1ight]^4 - 4000$$C.I. = 4000 	imes 1.4641 - 4000$$C.I. = 5856.40 - 4000$$C.I. = 1856.40$Thus,the compound interest is ₹ $1856.40$.

The compound interest on ₹ $4000$ for $4$ years at $10 \%$ per annum will be (in ₹):

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