SOLUTION: Suppose a woman invested N60,000 in a business at an annual interest ratio of, find her balance at the end of one year if interest is compounded
(I) semi annually
(ii) quarterly
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-> SOLUTION: Suppose a woman invested N60,000 in a business at an annual interest ratio of, find her balance at the end of one year if interest is compounded
(I) semi annually
(ii) quarterly
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Question 1202793: Suppose a woman invested N60,000 in a business at an annual interest ratio of, find her balance at the end of one year if interest is compounded
(I) semi annually
(ii) quarterly Found 2 solutions by ikleyn, josgarithmetic:Answer by ikleyn(52835) (Show Source):
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annual interest ratio of, find her ba
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"annual interest RATE OF r; find balance at..."
One-year investment time;
Expecting r to be as a percent, then
(I) semi annually ----simplify and compute.(the outer "2" is exponent).
(II) quarterly -----simplify and compute. (the outer "4" is an exponent).
(