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How long it will take for a sum of money to quardruple at 10% compounded annually? 9. RM20,000 is invested in an investment fund that

How long it will take for a sum of money to quardruple at 10% compounded annually?

9. RM20,000 is invested in an investment fund that pays 6% compounded annually for 10 years.

a. Find the compound amount. [RM35816.95]

b. Find the interest earned. [RM15816.95]

A sum of money RMY was deposited in a savings account with interest 7% compounded monthly on 1 June 2019. On 1 September 2021, RM500 is withdrawn and balance as of 1 April 2021 is RM6,464.40. Find the value of X.

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