Find 5he compound interest on rs 10000 for 6 months at 12% per annum, compounded quarterly.
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Answer:
609
Step-by-step explanation:
r=12%per year
=3% for every 3 months
T=6months = 2×3months
n =2
A=p(1+r)^n
=10000×(1.03)^2
=10609
ci=10609-10000
=609
hope this helps
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