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Mathematics, 26.06.2019 00:00 igtguith

Mr chua borrows a sum of money from the bank which charges a compound interest of 4.2% per annum, compounded 6.given that mr chua had to pay 96.60% in the interest payments at the end of the first year, find the original sum of money borrowed, giving your answer correct to the nearest cent

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Mr chua borrows a sum of money from the bank which charges a compound interest of 4.2% per annum, co...
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