If 6,000 is deposited for two years at 4% per annum compounded quarters
find the time period and rate to compute compound interest
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Step-by-step explanation:
P=₹6000
R=4%p.a
T= 2 years
the interest is compounded quartely
T=4n
=4×2
=8 quarters
R=R/4
=4/4%per quarterly
=1% per quarterly
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