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1 -A and B A A sum of RM1000 is invested in a business which earns interest at a rate of 15% compounded annually for
1 -A and B
A
A sum of RM1000 is invested in a business which earns interest at a rate of 15% compounded annually for 5 years. Find the accumulated amount and the compound interest earned at the end of 5 years. [ans:RM1011.36]
B
At what annual rate of compound interest will RM 4000 grow to RM 5441 after 4 years? [ans:8%]
please as soon as possible
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
4th edition
978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372
