katiefaulkner6102 katiefaulkner6102

25-05-2023
Mathematics

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(a) If an initial deposit of 4000 euros is invested now and earns interest at an annual rate of 3%, mhow much will it have grown after 4 years if interest is compounded: (ii) quarterly? (i) yearly; (b) How long does it take for the 4,000 euros to triple with quarterly compounding of interest?

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