Question

Find the accumulated value if Rs. 1,25,000 were kept in a fixed deposit for 5 years

at 9% compound interest p.a.​

Answer 1

P=Rs 125000

R= 8% p.a.= 8/4=2%

n= 9/12 x 4= 3

A=P(1+R/100)n

=125000(51/50)3

=125000 x 1.06

A=Rs. 1,32,500

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Answer 2

Answer:

Step-by-step explanation:

Final investment value

Rs. 195,710.13

Total interest earned

Rs. 70,710.13

Initial balance

Rs. 125,000.00

Effective Annual Rate (APY)

9.381%