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 Commercial Arithmetic 2 Video Questions and Answers

A businesswoman opened an account by depositing sh.12,000 in a bank on 1st July 1995.Each subsequent year ,she deposited the same amount on 1st July.The bank offered her 9% per annum compound interest .Calculate the total amount in her account on (a)30th June 1996 (b)30th June 1997

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