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
Sorry, I used 9% instead of 8%!!.
FV = 125,000 x 1.02^3
FV =125,000 x 1.061208
FV =132,651.
