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

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Question 1074049: what will an investor receive at the end of 5 years who invest Rs.300000/- in scheme that pays 4% per quarter every quarter?
Found 2 solutions by rfer, MathTherapy:
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FV=300000(1.04)^4*5
FV=300000(2.19)
FV=657000

Answer by MathTherapy(10552) About Me  (Show Source):
You can put this solution on YOUR website!
what will an investor receive at the end of 5 years who invest Rs.300000/- in scheme that pays 4% per quarter every quarter?
The way I understand it, the correct answer is: highlight_green%28%22%24366%2C057.01%22%29