Question

(7).If the compound interest is calculated quarterly, the amount is found using

the formula __________.​

Answer 1

CI = A - P = P{(1 + r4100)4n - 1} is the relation among the four quantities P, r, n and CI. Given any three of these, the fourth can be found from this formula. Word problems on compound interest when interest is compounded quarterly: 1.

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