4. Madam Sara saves RMy in a bank. After 4 years, the total amount of her savings is RM15 500. If the interest rate is 6% per annum, find the value of y. [RM12 500]

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
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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4. Madam Sara saves RMy in a bank. After 4 years, the total amount of her savings is RM15 500. If
the interest rate is 6% per annum, find the value of y. [RM12 500]
Transcribed Image Text:4. Madam Sara saves RMy in a bank. After 4 years, the total amount of her savings is RM15 500. If the interest rate is 6% per annum, find the value of y. [RM12 500]
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