What will 125000 Rs amount to at the months 6%, if the interest is calculated after every four months?
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Please find below the solution to the asked query:
Given : Principle amount = P = Rs .125000
Rate = 6 %
Time = 3 months = 312 = 14 years
Here type interest is not given so we assume simple interest .
And
We know simple interest = P × r ×t 100 , So
simple interest = 125000 × 6 × 14 100 = 31250×6100 = 187500100 = Rs . 1875
So,
Amount will became after 3 months = 125000 + 1875 = Rs . 126875 ( Ans )
Hope this information will clear your doubts about Comparing Quantities.
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