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Sagot :
Based on the unique situation, the compound interest is obtained from 300(1 + 0.15/12)^12t.
What is compound interest?
The term compound interest refers to the type of interest that is charged on both the principal and interest. The total money to be paid back is referred to as the amount.
A compound interest is calculated form the formula;
P(1 + r/n)^nt
Where;
P = principal
r = rate
n = number of times interest is compounded in a year
t = time in years.
Based on his situation, we have; 300(1 + 0.15/12)^12t.
Learn more about compound interest: https://brainly.com/question/25857212
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