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Vinay deposited ` 8000 in icici bank, which pays him 12% interest per annum compounded quarterly. What is the amount that he receives after 15 months?

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319 cents Vladlen
Answer:

8120

principal=8000

rate=12%

time=1.25yrs

interest=p*t*r/100

8000*12*1.25/100

12000/100

120

so amount=8000+120=8120

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