Find the amount at the end of the fourth year if sh. 60000 is deposited at 15% p.a. compound interest.

      

Find the amount at the end of the fourth year if sh. 60000 is deposited at 15% p.a. compound interest.

  

Answers

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Amount at the end of the fourth year
=60000 x (1 +15%)^4
=60000 x 1.15^4
=sh. 104940.375

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joseph rimiru answered the question on November 16, 2017 at 06:47

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