Onchwati deposited Ksh.50,000 in a financial institution in which interest is compounded Quarterly.

      

Onchwati deposited Ksh.50,000 in a financial institution in which interest is compounded Quarterly. If at the end of the second year he received a total of Ksh.79,692.40. Calculate the rate of interest per annum.

  

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Maurice
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maurice.mutuku answered the question on August 22, 2019 at 14:39


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