SOLUTION: what will an investor recieve at the end of 5 years who invest Rs.300000/- in saving scheme that pays 4% per quater every quater?

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Question 1074022: what will an investor recieve at the end of 5 years who invest Rs.300000/- in saving scheme that pays 4% per quater every quater?


Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
If the scheme pays 4% per quarter, and there are 20 quarters in 5 years, then the amount of money would be:
A=300000 x (1.04)^20
=300000 x 2.1911231430334193505480762776603
=Rs.657336.94 at the end of 5 years. ☺☺☺☺