What will Rs. 125000 amount to at the rate of 6%, if the interest is calculated after every four months?
Principal = Rs. 125000
Time = 1 year
Rate = 6% per annum
∵ Interest is compounded after 4 months, So Rate of interest will be counted as 6/3 = 2% and time will be 12/4 = 3
We know that, 
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