Question

Mr. Sajid invested Rs / 1000 for which he will receive at the rate of 6 compounded semi-annually for the first 5 years and 8% compounded quarterly for the next 4 years. Amount of money he would receive at the end of ninth year is:
with solution please​

Answer 1

Answer:

1844.9

Step-by-step explanation

cv=1000

r1=6

r2=8

fv1= value after 5 years

fv2= value after 9 years

fv1=cv*(1+6/200)^10

fv1=1343.916

fv2=fv1*(1+8/400)^16

fv2=1844.9