what will 125000 rs amount to at rate of 6% per annum after 9 months if the interest s compounded after every three months
answer=130709.80 rs
plz answer properly fully solved
Answers
Answered by
4
Answer:
Because interest is calculated after every 3 months,
It is compounded quarterly.
Given, P = 1,25,000
R = 6% p.a. = 6/4% quarterly = 1.5
n = 4
So,
A = P(1+R/100)^n
=1,25,000(1+1.5/100)^4
=1,25,000(1.015)^4
= 132,670 (approx)
Thus, the required amount is 132,670.
So, the amount to at rate of 6% per annum after 9 months if the interest s compounded after every three months is 132,670
Answered by
9
Step-by-step explanation:
Given What will 125000 rs amount to at rate of 6% per annum after 9 months if the interest s compounded after every three months
- Now according to the question interest is compounded after every three months and hence it is quarterly compounding.
- So we have P = 1,25,000
- R = 6% per annum = 6/4 % (since quarterly)
- So n = 3 (after 9 months)
- Now A = P(1 + R/100)^n
- = 1,25,000 (1 + 6/4 / 100)^3
- = 1,25,000 ( 406 / 400)^3
- = 1,25,000 (1.015)^3
- = 130709.80
Therefore the required amount will be Rs 130709.80
Reference link will be
https://brainly.in/question/8200123
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