Mathematics, 02.04.2021 16:30 mrashrafkotkaat
Mr Chua borrows a sum of money from the bank which charges a compound interest of 4.2% per annum, compounded quarterly. Given that Mr Chua had to pay $96.60 in interest payments at the end of the first year, find their 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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