Page 1 of 1
c) Zayd invested RM7,000 in Bank A three years ago. The bank pays 8% simple interest per annum. He decided to withdraw a
Posted: Sun Jul 03, 2022 12:52 pm
by answerhappygod
- C Zayd Invested Rm7 000 In Bank A Three Years Ago The Bank Pays 8 Simple Interest Per Annum He Decided To Withdraw A 1 (18.21 KiB) Viewed 13 times
c) Zayd invested RM7,000 in Bank A three years ago. The bank pays 8% simple interest per annum. He decided to withdraw all the money accumulated in that bank and invest in Bank Z that gives 5% interest compounded quarterly. He plans to keep the money for 4 years in Bank Z. Calculate the accumulated amount at the end of the fourth year. (4 marks)