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Posted: **Sun Jul 03, 2022 6:50 am**

: Question 2 Tony Placed Rm 5 000 In A Bank Account For Six Years The Bank Offered An Interest Rate Of 6 Compounded Mon 1 (132.62 KiB) Viewed 11 times

QUESTION 2 Tony placed RM 5,000 in a bank account for six years. The bank offered an interest rate of 6 % compounded monthly for the first four years and r % compounded annually for the rest of the period. If the amount in the account at the end of six years was RM 6,855.40, find r. (5 marks)