Kavya deposited 8,500 in a bank which pays her 12% interest per annum compounded quarterly
What is the amount which she receives after 9 month?
welderpires44:
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Resposta:
US$9,265
Explicação passo-a-passo:
M=C(1+in)
M=8,500[(1+0.12(9/12)]
M=8,500[1+0.09]
M=8,500[1.09]
M=9,265
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