What will ₹125000 amount to at the rate of 6% per Annum after 9 months if the interest is compounded after every 3 months... Pls fast
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Principal (p) = Rs 125000
Rate (r) = 6% per annum
Time (t) = 1 year
Since interest is compounded after 4months, interest will be counted as 6/3 = 2% and Time will be 12/4 = 3quarters
By using the formula, A = P (1 + R/100) n = 125000 (1 + 2/100)3 = 125000 (102/100)3 = Rs 132651
∴ Amount is Rs 132651.
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