principal amount = 10000, time = 9 months, rate = 6% per annum with interest being compounded quarterly. find the compound interest.
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I think 48519.47 is the answer
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Principal = Rs 2000,
Rate = 4 paise per rupee per annum,
Time = 3 years ... Compound interest (CI) = A-P = Rs 14641 – 10000 = Rs 4641 If the rate of interest is 10% compounded annually.
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