What will Rs 125000 amount to at the rate of 6%, if the interest is calculated after every 3 months?

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Solution

$Because interest is calculated after every 3 months, it is compounded quarterly . Given : P = Rs 125, 000 R = 6 % p . a . = \frac{6}{4} % quarterly = 1.5 % quarterly n = 4 So, A = P {(1 + \frac{R}{100})}^{n} = 125, 000 {(1 + \frac{1.5}{100})}^{4} = 125, 000 {(1.015)}^{4} = 132, 670 (approx) Thus, the required amount is Rs 132, 670 .$

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What will Rs 125000 amount to at the rate of 6%, if the interest is calculated after every 3 months?

Because interest is calculated after every 3 months, it is compounded quarterly.Given:P=Rs 125,000R=6% p.a.=64% quarterly=1.5% quarterlyn=4So,A=P1+R100n =125,0001+1.51004 =125,0001.0154 =132,670 approxThus, the required amount is Rs 132,670.