Answer Happy

Posted: **Tue Jul 12, 2022 12:47 pm**

: B Ruto Wish To Have Khs 8 Million At The End Of 15 Years To Accumulate This Sum He Decides To Save A Certain Amount A 1 (12.78 KiB) Viewed 34 times

(b) Ruto wish to have Khs.8 million at the end of 15 years. To accumulate this sum he decides to save a certain amount at the end of each year for the next fifteen years and deposit it in a bank. If the bank pays 10 per cent interest, how much is he required to save each year? (5 Marks)