Momanyi deposited sh. 24,000 in a fixed account for a period of 24 months .The bank pays compound interest on quarterly basis. At the...

      

Momanyi deposited sh. 24,000 in a fixed account for a period of 24 months .The bank pays compound interest on quarterly basis. At the end of this period, Momanyi’s account had ksh. 64,200. Determine the rate at which interest is paid per annum.

  

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Kavungya
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Kavungya answered the question on September 23, 2019 at 07:52


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