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Q)

a sum of 30000 it to be invested in a bank which pays a compound interest r

a sum of 30000 it to be invested in a bank which pays a compound interest rate of 6% per annum. (i) calculate the interest earned on the invested amount after 10 years? (ii) calculate the total value of the invested initial sum plus interest accrued after 10 years? (III) identify the annual rate of compound interest that will be necessary accured in order for 750 to grow to 1264 by the end of 5 years/

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