Owen Gross
05/26/2023 · Senior High School
A sum of ₹ 1500 is invested for 18 months at an annual interest rate of \( 8 \% \), compounded quarterly. What is the percent gain at the end of 18 months to the nearest one decimal point? \( \begin{array}{ll}\text { A. } 12.6 \% & \text { B. } 13.5 \% \\ \text { C. } 18.2 \% & \text { D. } 10.4 \%\end{array} \)
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The percent gain is approximately 12.6%.
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