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9 August, 14:22

5000 at 12% compound quarterly compared interest earned after 5 year's

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  1. 9 August, 14:29
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    A = P (1+r:100) ^n

    where A is amount after some days

    r is the rate

    n is the number of years

    p is the principle (the amount of money before the interest)

    A = 5000 (1 + 12:100) ^5

    A = 8811.70

    A = 8812
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