Bokul invested an amount of Tk. 15,000 in fixed deposit scheme for 3 years at interest rate 5% per annul. How much amount will she get on maturity of the fixed deposit if the interest is compounded quarterly? (Interest)

Shohan

6 views

2025-01-04 04:42

1 Answers

Shohan

$H e r e, p r i n c i p a l a m o u n t, D = 15 T k .; i n t e r e s t r a t e, r = 5 %$

$N u m b e r o f y e a r s, n = 3 n u m b e r o f m o n t h s, m = 4 [Q u a r t e r l y m e a n s 4 t i m e s a y e a r]$

$N o w, w e k n o w r e q u i r e d a m o u n t, ‍ A = p {(1 + \frac{r}{100 \times m})}^{m n} = 15000 {(1 + \frac{5}{100 \times 4})}^{4 \times 3} = 15000 {(1 + \frac{1}{80})}^{12} = 15000 {(\frac{81}{80})}^{12} = 15000 {(1.0125)}^{12} = 17411.317 T k .$

$∴ R e q u i r e d a m o u n t i s 17, 411.317 T k .$

6 views Answered 2024-12-14 13:31

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