find the amount and compound interest on ₹10,000borrowed for a year at 12%p.a compounded quarterly
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n=4
amount=10000(1+12/400) raise to 4
10000*103/100*103/100*103/100*103/100
=11255.881
compound interest=11255.881-10000
=1255.881
amount=10000(1+12/400) raise to 4
10000*103/100*103/100*103/100*103/100
=11255.881
compound interest=11255.881-10000
=1255.881
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