125000 is deposited in a bank at 4% per annum find compounded interest after 3 years
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Answer:
Given, P=125000,
As compounded quarterly R=
4
8
=2%
Time =9 months=
12
9
years =
12
9
×4quarters =3 quarters
We know, Amount =A=(1+
100
R
)
n
A=125000[
1+(
100
2
)
]
3
= Rs. 132651
C.I = Rs. [
132651−125000
]= Rs. 7651
Step-by-step explanation:
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