a sum of rupees 10000 at 8% per annum for 6 month compound and quarterly amounts to
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GIVEN
p=10000
r = 2%
t = 2quarters
amount = p[1+r/100]^n
= 10000[1+2/100]^2
=10000[102/100]^2
=10000[102/100×102/100]
=10000×102/100×102/100
=10404
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