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secondary 3 | E Maths
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Yos
Yos

secondary 3 chevron_right E Maths

I need help

Date Posted: 6 years ago
Views: 221

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Rayson Tay
Rayson Tay's answer
2 answers (Tutor Details)
1st
take note of the formula of compound interest
Yos
Yos
6 years ago
Thanks
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Rayson Tay
Rayson Tay's answer
2 answers (Tutor Details)
solution without using of compound interest formula
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Lee Wonn Jen
Lee Wonn Jen's answer
64 answers (A Helpful Person)
Interest compounded half-yearly, so:
a) Interest of 2% per annum has to be divided by 2.
b) Number of times interest is compounded is 4 times in 2 years, so the power will be 4.