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At the beginning of each quarter, a sum of Rs 1,500 is deposited into a savings account that pays 12% per annum compounded quarterly

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At the beginning of each quarter, a sum of Rs 1,500 is deposited into a savings account that pays 12% per annum compounded quarterly. Find the amount in the account at the end of four years.

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Each installment A = 1500

rate of interest = 12 % per annum compounded quarterly

i.e.,

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