find the CI is 20000 at 16% for 9 month compounded quarterly
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quarterly = rate nd time will be divided by 4 so
r is 16/4 = 4
t is 9/12 *4 = 3/16
CI is p (1+r/100)n
20000(1+4/100)3
r is 16/4 = 4
t is 9/12 *4 = 3/16
CI is p (1+r/100)n
20000(1+4/100)3
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