find the compound interest on 15000 at 8% for 9 months the interest payable quarterly
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Answer:
Step-by-step explanation:
P =15000
T=3quarter years
R%=2%
A=p(1+r/100)'n
=15000(1+2/100) '3
=15000×51/50×51/50×51/50
=(3×51×51×51)÷25
=15918.12
Ci= a -p
=15918.12-15000
=918.12
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