Question

5000 deposited into pnb for 2 years at 7 percent rate of interest compounded quarterly
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Answer 1

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$x = p(1 + \frac{r}{n} ) ^{nt}$

$x = 5000( \frac{2 + 7}{2} )^{ \frac{2}{4} }$

$x = (\frac{45000}{2} ) ^{ \frac{1}{2} }$

$x = 22500 ^{ \frac{1}{2} }$