+0  
 
0
101
2
avatar

what is compound interest when Rs. 125000 is invested for 9 months at 8% per annum, compounded quarterly?

Guest Apr 1, 2017
Sort: 

2+0 Answers

 #1
avatar
0

what is compound interest when Rs. 125000 is invested for 9 months at 8% per annum, compounded quarterly?

 

FV = PV x [1 + R]^N

FV =125,000 x [1 + 0.09/4]^(9/3)

FV =125,000 x [1.0225]^3

FV =125,000 x   1.069030140625

FV =133,628.77

Guest Apr 1, 2017
 #2
avatar
0

Sorry, I used 9% instead of 8%!!.

FV = 125,000 x 1.02^3

FV =125,000 x 1.061208

FV =132,651.

Guest Apr 1, 2017

2 Online Users

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.  See details