Find the compound interest on 1000 for 9 months at 4% per annum compounded quarterly
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Answered by
2
Answer:
principal = 1000
rate = 4%
time = 9 months
compound interest = principal (1+r/100)^n
compound interest = 1000(1+4/400)^3
compound interest = 1000×101/100×101/100×101/100
compound interest = 1030.301
Answered by
1
Step-by-step explanation:
principal = 1000
Rate= 4%
time= 9 months
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