A bank offers an interest rate of 5.2% per annum for saving in a fixed deposit account. If Puan Rafeah save RM12000 at the beginning of the year, calculate the amount of money in Puan's Rafeah fixed deposit account at the end of the year if the interest is compounded : a) once every 4 months b) once every 2 months
A bank offers an interest rate of 5.2% per annum for saving in a fixed deposit account. If Puan Rafeah save RM12000 at the beginning of the year, calculate the amount of money in Puan's Rafeah fixed deposit account at the end of the year if the interest is compounded : a) once every 4 months b) once every 2 months
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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A bank offers an interest rate of 5.2% per annum for saving in a fixed deposit account. If Puan Rafeah save RM12000 at the beginning of the year, calculate the amount of money in Puan's Rafeah fixed deposit account at the end of the year if the interest is compounded :
a) once every 4 months
b) once every 2 months
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