Mathematics, 06.01.2020 18:31 gabby0524
Mrs. emily francis saves rm10 000 in a bank . by the end of the eighth year , the money collected amounts to rm19 992.71.if the bank pays an annual interest of x% for a year and is compounded every 6months , calculate the value of x
Answers: 1
![r=n[(\dfrac{A}{P})^{\dfrac{1}{nt}}-1]](/tpl/images/0444/3757/b984b.png)
![r=2[(\dfrac{19,992.71}{10,000.00})^{\dfrac{1}{2(8)}}-1]](/tpl/images/0444/3757/61729.png)
![r=2[(\dfrac{19,992.71}{10,000.00})^{\dfrac{1}{16}}-1]](/tpl/images/0444/3757/336c2.png)
![r=2[(\dfrac{19,992.71}{10,000.00})^{0.0625}-1]](/tpl/images/0444/3757/3f5de.png)
![r=2[(1.9992.1)^{0.0625}-1]](/tpl/images/0444/3757/f84a7.png)
![r=2[1.0442499885-1]](/tpl/images/0444/3757/cdecc.png)
![r=2[0.0442499885]](/tpl/images/0444/3757/0e6d9.png)
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Mrs. emily francis saves rm10 000 in a bank . by the end of the eighth year , the money collected am...
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