What will Rs125000 amount to rate of 6% if interest is calculated after every 4month
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Answered by
1
Answer:

mysticd
Genius
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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.
:)
Answered by
1
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!!!!
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