Math  /  Word Problems

QuestionFind the compound interest on \$ 38000 borrowed at 4\% p.a. compounded quarterly after 2.5 years.

Studdy Solution
Calculate the compound interest.
Compoundinterest=$41,974.8$38,000=$,974.8Compound\, interest = \$41,974.8 - \$38,000 = \$,974.8The compound interest paid after2.5 years is $,974.8.

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