SOLUTION: What will Rs. 125000 amount to at the rate of 16 percent for 1 year, if the interest is after every four months?

SOLUTION: What will Rs. 125000 amount to at the rate of 16 percent for 1 year, if the interest is after every four months?

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Question 1100375: What will Rs. 125000 amount to at the rate of 16 percent for 1 year, if the interest is after every four months?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!

The interest is compounded 3 times a year at an annual rate of 16%.

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