An investor deposited 40,000 in a bank compounded at the rate of R p.a semi-annually for 2 years and realized Ksh. 50,499. Find the rate...

      

An investor deposited 40,000 in a bank compounded at the rate of R p.a semi-annually for 2 years
and realized Ksh. 50,499. Find the rate of compound interest. Give your answer correctly to 4
significant figures

  

Answers


Kavungya
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Kavungya answered the question on September 18, 2019 at 13:12


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