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a) Four years ago, Shanti saved RM3,500 in a bank with an interest rate charged at 5% compounded quarterly. Today, she adds another RM1,000

a) Four years ago, Shanti saved RM3,500 in a bank with an interest rate charged at

5%

\ compounded quarterly. Today, she adds another RM1,000 in the same account. How\ much will the amount in her account and the amount of interest earned be 6 years after\ her first saving.\ (8 Marks)

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Four years ago, Shanti saved RM3,500 in a bank with an interest rate charged at 5% compounded quarterly. Today, she adds another RM1,000 in the same account. How much will the amount in her account and the amount of interest earned be 6 years after her first saving. (8 Marks)

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