principal =50000 rate =20% and time = 1/2 compounded by quaterly
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12500
Step-by-step explanation:
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Step-by-step explanation:
In such cases we use the following formula for compound interest when the interest is calculated quarterly. Here, the rate percent is divided by 4 and the number of years is multiplied by 4. Note: A = P(1 + r4100)4n is the relation among the four quantities P, r, n and A.
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