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in Compound Interest by (30.2k points)
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What will Rs. 125000 amount to at the rate of 6%, if the interest is calculated after every four months?

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Principal = Rs. 125000 

Time = 1 year 

Rate = 6% per annum

∵ Interest is compounded after 4 months, So Rate of interest will be counted as 6/3 = 2% and time will be 12/4 = 3

We know that, \({A}={P}\times({1}+\frac{R}{100})^t\)

\(\Rightarrow{A}={125000}\times({1}+\frac{2}{100})^3\)

\(\Rightarrow{A}={125000}\times(\frac{102}{100})^3 \) = Rs.132651

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