what sum will become Rs 4630.50 in 1.5 years, if the rate interest is 10 percent per annum compound quarterly.
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Let the sum that will become 4630.5 in 1.5 yrs be P.
Using formula:
4630.5=p*(1+10/2*100)^3/2
solve for p.
Using formula:
4630.5=p*(1+10/2*100)^3/2
solve for p.
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