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Q: Find the amount received by P by investing a sum of `5000 at an annual rate of 5% on the maturity period of one year. If the interest is calculated on the basis of quarterly compounding. (Round your answer to the nearest integer)
  • A. `5,200
  • B. `5,945
  • C. `5,330
  • D. `5,255
Correct Answer: Option D -
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Explanations:

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