Mathematics, 20.03.2020 12:54 danielahchf
Encik Zulhazim deposited RM8000 in a fixed deposit account at Bank T for 2 years with interest rate of 5% per annum. What is the difference between the amount of interests Encik Zulhazim earned if he was given compound interest (compounded once every 4 months) compared to simple interest?
Answers: 2
![\text{Simple Interest}:A=P(1+rt)\\\\A=8000+8000[1+0.05(2)]\\\\A=\large\boxed{8800.00}](/tpl/images/0556/2087/6f862.png)
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Encik Zulhazim deposited RM8000 in a fixed deposit account at Bank T for 2 years with interest rate...
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