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RM1000 was invested for one year. If the interest rate was 10% compounded semiannually 8% compounded quarterly Find the total amount of investment after one
- RM1000 was invested for one year. If the interest rate was
- 10% compounded semiannually
- 8% compounded quarterly
Find the total amount of investment after one year for both rates offered.
2. Mr Sim invested RM10000 on the day his daughter was born. The investment scheme offers interest rate of 6% compounded quarterly. Find his total savings on her daughter is 17th birthday. How much interest amount earned?
3. Puan Fatimah deposited RM3000 into a savings account that earned 12% interest compounded quarterly. How long would it take for the investment to become RM3582.16.
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