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1. Gurveen has been working with a private sector bank where she gets part of...

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Finance

1. Gurveen has been working with a private sector bank where she gets part of her salary as a fixed amount and part as variable (bonus, incentives, etc.). She has received Rs. 2,49,000 this year as incentive and she wishes to invest it for 6 years and buy a car with the accumulated amount. The rate of return is 12.75% p.a. Compute the amount which she will get after 6 years?

2. Radha has been saving for the last 5 years in her piggy bank whatever amount she used to get as pocket money. She broke open her piggy bank yesterday and found Rs. 13,420 in it, which she wishes to invest into a bank FD which pays interest semi-annually. The rate of interest is 7.5% and period is 7 years. Compute the accumulated amount which she will get after 7 years?

3. Sameera invested Rs. 4,00,500 into a deposit for 10 years @ 9.5% p.a. For the first 5 years the bank pays semi-annual interest and for the next 5 years compounding is quarterly. Compute the accumulated amount to be received by Sameera after a period of 10 years?

4. Shashi invested Rs.5,10,600 in a deposit which pays 12% interest per annum and compounding is done monthly. How much money will be accumulated in her account after 12 years?

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