Find the amount andC.I. if the interest is compounded quarterly. Principal = 8000, Rate = 16%
Time = 9 months
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sorru the answer is collapsed me
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Answer:
Step-by-step explanation:P=8000,R=16%→4%(quarterly),T=3(quarterly)
=8000{1+4/100}^3
=8000{104/100}^3
Amount=8998.912
CI=A-P
CI=998.912
THANKYOU.
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