makes8864 makes8864

05-11-2022
Mathematics

Answered

R44 000 is deposited into a savings account ror eignt years. The interest is 7%o p.a. compounded semi-annually for the first two years. The interest rate i5 then increased to 8% p.a. compounded quarterly for the next three years and then increased again to 9% p.a. compounded monthly for the remaining period. Calculate the total amount accumulated in the fund at the end of eight years.

Answer :

Other Questions

Gabrielle deposited $5,000 in an account earning 5% interest compounded annually. To the nearest cent, how much interest will she earn in 5 years?

127. Finding the Rate Solve the equation A = Pe" for r, then find the rate at which a deposit of $1000 would double in 3 years compounded continuously.

The accompanying data represent the monthly rate of return of a certain company's common stock for the past few years. view the data table. (a) Determine and i

One spring day, Evan noted the time of day and the temperature, in degrees Fahrenheit. His findings are as follows: At 6 a.m., the temperature was 58° F. For th

One spring day, Tanisha noted the time of day and the temperature, in degrees Fahrenheit. Her findings are as follows: At 6 a.m., the temperature was 56° F. For

Amanda is 12 years old. She is 2/7 times as old as her father. How many years ago was her father 4 times as old as Amanda?

cobalt 60 used in food irradiation,intial amount 60 grams half life of 5.27 years

The following data represent the monthly phone use, in minutes, of a customer enrolled in a fraud prevention program for the past 20 months. The phone company d

Determine the equation of the straight line, which is parallel to 2x + 3y = 11 such that the algebraic sum of the intercepts on the axes is 15. Find the equatio

A construction company has adjoined a 1900 ft2 rectangular enclosure to its office building. Three sides of the enclosure are fenced in. The side of the buildin