What will Rs. 125000 amounts to at the rate of 6%, if the interest is calculated after every four months?

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Q.

What will Rs. 125000 amounts to at the rate of $6 %,$ if the interest is calculated after every four months?

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a

Rs. 176651

b

Rs.139151

c

Rs.32651

d

Rs.132651

answer is D.

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Detailed Solution

Given,

Principal (P) = Rs 125000 Rate (R) = 6 ​ ​ % ​ ​ p .a Time (T) = 3 quarters

The formula to calculate the amount is given by

A = P 1 + R 100 T

⇒ A = 125000 1 + 6 3 × 100 3 ⇒ A = 80001021003 ⇒ A = Rs 132651

Therefore, the amount is Rs 132651
Hence, the correct option is 4.

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