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April 20, 2014

April 20, 2014

Posted by **Nicole** on Sunday, February 26, 2012 at 12:04am.

Simple interest of 5% p.a. for the first year, and then interest compounded monthly at 3% p.a. in every subsequent year. Find the amount she will receive.

- Math!!! -
**demolitrate**, Sunday, February 26, 2012 at 3:10am50000(1+5/100)[1+(3/12)/100]^(2*12)

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