what will 125000 rupees amount to at the rate of 6% if the interest is calculated after every 4 months ....
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Answered by
5
Answer:
132651
Step-by-step explanation:
Hi ,
According to the problem given ,
Let Amount = A
Principal = P = Rs 125000
If interest calculated for every four
months
R = 6%
Interest should be paid 3 times in a
year
A = P ( 1 + R / 300 )^3
A = 125000( 1 + 6 / 300 ) ³
A = 125000 ( 1 + 1 / 50 )³
A = 125000 × ( 51 / 50 )³
A = 125000 × 51/50 × 51 / 50 × 51/ 50
A = Rs 132651
I hope this helps you.
:)
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