What will be the total amount of 48000.00 in 9 months at 10% interest per annum of the interest is compounded in every 3 months
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Step-by-step explanation:
rate 3 monthly or you can also say 'rate quarterly'
= 3 × 10/12 = 2.5 % = 25/1000 = 1/40
A = 41/40* 41/40 * 41/40 × 48000
= Rs 51690.75
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