Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
7. If Farahin invested RM2000 and after t years, she got RM6250 with interest 5.5% compounded every six months. How long was the investment? [ans:21
7. If Farahin invested RM2000 and after t years, she got RM6250 with interest 5.5% compounded every six months. How long was the investment? [ans:21 years] 8. How long it will take for a sum of money to quardruple at 10% compounded annually? [ans:11.51%].
7. If Farahin invested RM2000 and after t years, she got RM6250 with interest 5.5% compounded every six months. How long was the investment? [ans:21 years]
8. How long it will take for a sum of money to quardruple at 10% compounded annually? [ans:11.51%].
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started