Black Gibbs
01/05/2023 · High School
A sum of \( \$ 80000 \) is deposited in a bank at an interest rate of \( 6 \% \) p.a. for 1.5 years, compounded quarterly. Find the amount and the compound interest.
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The amount after 1.5 years is approximately $87,475.46, with compound interest of approximately $7,475.46.
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