The compound interest on 10000 at 8% for 6 months compounded quarterly
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Answer:
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
Step-by-step explanation:
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