) Mrs. Indah saved $1800 in the bank and after 6 years her money was $2500, and the interest was paid every 4 months (compound). How much interest does Indah receive per year?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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1) Mrs. Indah saved $1800 in the bank and after 6 years her money was $2500, and the interest was paid every 4 months (compound). How much interest does Indah receive per year? 2) Mrs. Indah saves her money in the bank for $ 1800 and a few years from now she wants the amount of money $. 10,500, the rate is paid every 6 months (compound) of 3%, how long does it take.?
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