(b)(i) Jane has made a decision to invest Kshs 300,000 every year for a period of...

Transcribed Image Text:

(b)(i) Jane has made a decision to invest Kshs 300,000 every year for a period of 12 years. If the annual interest is 12% p.a. for the first 7 years and then 10% for the remaining 5 years determine the total amount receivable after 12 years. (4 marks) (b)(i) Jane has made a decision to invest Kshs 300,000 every year for a period of 12 years. If the annual interest is 12% p.a. for the first 7 years and then 10% for the remaining 5 years determine the total amount receivable after 12 years. (4 marks)