4. (a) Find the simple interest earned 6 years when RM1,000 is invested at a rate of 10% per annum. What is the total amount at the end of 6 years? (b) How long an investment of RM5,000 will yield a simple interest of RM250 at 8% per annum?
4. (a) Find the simple interest earned 6 years when RM1,000 is invested at a rate of 10% per annum. What is the total amount at the end of 6 years? (b) How long an investment of RM5,000 will yield a simple interest of RM250 at 8% per annum?
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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