Question

The compound interest at 10000 at 8%for 6 months compounded quatrely​

Answer 1

Answer:

10,609

Step-by-step explanation:

p=10,000

T=6 month =6/12*4=2 quarterly

R= 12%=12/4=3

A=P(1+r/100)

A=10,000*(1+3/100)*2

A=10,000*(103/100)

A10,000*103/100*103/100

A=10,609

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