Question: 11. Find the future value and the interest earned if RM2,000 is invested for 3 years at 6% compounded monthly. [ans: S = RM2393.36, I

11. Find the future value and the interest earned if RM2,000 is invested for 3 years at 6% compounded monthly. [ans: S = RM2393.36, I = RM393.36.
-On 16 April 2021, RM5,000 was invested at 6% compounded semi-annually. Find the amount accumulated on 16 October 2024 if the rate was changed to 8% compounded quarterly beginning 16 April 2023. [RM6,337.69]
Mr Halimi invested RM8,000 at 7% compounded annually for six years. Find the interest earned. [ans:RM4,005.84]
please clear handwriting and thenk you a lot

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!