A taxi businessman borrows Sh. 650,000.00 from a bank to buy a taxi valued at the same amount.The bank charges interest at 24% p.a. compounded...

A taxi businessman borrows Sh. 650,000.00 from a bank to buy a taxi valued at the same amount.The bank charges interest at 24% p.a. compounded quarterly. Calculate the compound interest paid to the bank after 1½ years rounded to the nearest shilling.

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sharon kalunda answered the question on April 30, 2019 at 13:18

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