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7. Find the compound interest on32.000 for9 monthsat 10% pa. if the interest is being compounded quarterly |
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Answer» Time = 9 months = 3 quarters Rate = 10% per annum = 10/4% per quarter Amount = 32000(1+10/400)^3 = 32000*410*410*410/400*400*400 = 34460.5 CI = 34460.5-32000 = 2460.5 Like my answer if you find it useful! |
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