find the compound interest on R$ 6,950 @12% per annum for 1 year and 9 months while the interest is due quaterly
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plz mark brainlist
Step-by-step explanation:
Calculating monthly compound interest
Divide your interest rate by 12 (interest rates are expressed annually, so to get a monthly figure, you have to divide it by the number of months in a year.)
Add 1 to this to account for the effects of compounding.
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