Five regular equal quarterly deposits of R1200 are made into a savings account that earns interest at a rate of 8% p.a.

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Five regular equal quarterly deposits of R1200 are made into a savings account that earns interest at a rate of 8% p.a.

Post by answerhappygod »

Five Regular Equal Quarterly Deposits Of R1200 Are Made Into A Savings Account That Earns Interest At A Rate Of 8 P A 1
Five Regular Equal Quarterly Deposits Of R1200 Are Made Into A Savings Account That Earns Interest At A Rate Of 8 P A 1 (33.12 KiB) Viewed 13 times
Five regular equal quarterly deposits of R1200 are made into a savings account that earns interest at a rate of 8% p.a. compounded continuously. The amount in the account at the time of the last deposit of R1200 is equal to R type your answer... rounded to the nearest cent.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”