Question
A sum of ₹15,625 is invested for 2 years at an annual
interest rate of 8%. For the first 1.5 years, the interest is compounded semi-annually, and for the remaining 0.5 years, it is compounded quarterly. Calculate the final amount.Solution
Amount after First 1.5 years (half-yearly compounding) 
Amount after Next 0.5 years (quarterly compounding): Quarterly rate = 8/4 = 2% 
= 18286.07 ~18286
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