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

Guest Apr 1, 2017
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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
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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

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