hemcharan deposits rs.100000 in gramin bank for 1 year 6 month in fixed deposit account at the rate of 18%. if the interest in compounded quarterrly,then how much amoun he will get on date maturity?
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A = P(1+r/400)^4t
T= 1 year 6 months = 18/12 years
A = 100000(1+18/400)^4*18/12
A= 100000(1+18/400)^6
A = 100000(418/400)^6
A = 100000(209/200)^6
A = 130226.012
T= 1 year 6 months = 18/12 years
A = 100000(1+18/400)^4*18/12
A= 100000(1+18/400)^6
A = 100000(418/400)^6
A = 100000(209/200)^6
A = 130226.012
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