MCQs>Admin Support>Business Analysis>Calculate the compound interest earned over a period of 6 months on $30000 at an interest rate of 20% per annum. The interest is compounded quarterly.
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Calculate the compound interest earned over a period of 6 months on $30000 at an interest rate of 20% per annum. The interest is compounded quarterly
Answer
Correct Answer: $3075.50
Explanation:
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