SOLUTION: Stanley would like to have R6800 in his savings account at the end of 48 months. If he earns 12% simple interest per annum determine how much he must initially invest
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Question 1089835: Stanley would like to have R6800 in his savings account at the end of 48 months. If he earns 12% simple interest per annum determine how much he must initially invest
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
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He must invest $4,594.59 initially
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check:
( error due to rounding off, I think )
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