You deposited BDT 120,000 in a bank account 7 years ago. The bank had been giving you 12% interest compounded quarterly for the last 7 years. Today the bank revised the interest rate and the new interest rate will be 6% interest compounded monthly from today onwards. How much money will you have in your account after 4 years from now?

/in /by

You deposited BDT 120,000 in a bank account 7 years ago. The bank had
been giving you 12% interest

compounded quarterly for the last 7 years. Today the bank revised the
interest rate and the new interest rate

will be 6% interest compounded monthly from today onwards. How much
money will you have in your

account after 4 years from now?

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