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If rs. 50000 is borrowed as loan at a quarterly interest rate of 3 %, the effective interest rate when the interest is compounded monthly is

If rs. 50000 is borrowed as loan at a quarterly interest rate of 3 %, the effective interest rate when the interest is compounded monthly is
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if rs. 50000 is borrowed as loan at a quarterly interest rate of 3 %, the effective interest rate when the interest is compounded monthly is

asked
User Arcegk
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8.6k points

1 Answer

1 vote

:i think itś 4,080

Step-by-step explanation:

answered
User Dayan Moreno Leon
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