Question

What will Rs125000 amount to rate of 6% if interest is calculated after every 4month

Answer 1

Answer:



mysticd

Genius

19.5K answers

57.4M people helped

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.

:)

Answer 2

Answer:

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%

Time will be 12/4 = 3 quarters

by using the formula-

A = P (1 + R/100)ñ

= 125000 (1 + 2/100)³

= 125000 (102/100)³

= Rs 132651

hope it will help you!!!!