Carla saves RM7.000 into an account that paid 5% compounded semi-annually. Five years later, she withdraws RM3,000 at the same account. Find a) the total amount at the end of five years from the initial deposit. b) the total amount in her account after 9 years.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
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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Carla saves RM7.000 into an account that paid 5% compounded semi-annually. Five years later, she withdraws RM3,000 at the same account. Find


a) the total amount at the end of five years from the initial
deposit.


b) the total amount in her account after 9 years.

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