Calculate the amount obtained if Sh.60,000 is invested for 2 years at the rate of 8% per annum compounded semi-annually

      

Calculate the amount obtained if Sh.60,000 is invested for 2 years at the rate of 8% per annum compounded semi-annually

  

Answers


Kavungya
A= 60,000 ( 1 + 8 x1)4
=60,000 (1.04)4
=70,191.51
Kavungya answered the question on September 23, 2019 at 05:56


Next: A quantity V is partly constant and partly varies inversely as the square of W. If W=2 when V=14 and W=3 when V=9, write an...
Previous: The masses in kilogram of 20 bags of maize were 90 94 96 99 95 102 105 95 96 102 99 105 90 94 99 98 100 96 102 105 Using an assumed mean of 96Kg, calculate the mean mass per bag of the maize

View More Mathematics Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions