Charlie has been given P5000 for his sixteenth birthday. Rather than spending it, he has decided to

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Charlie has been given P5000 for his sixteenth birthday. Rather than spending it, he has decided to invest it so that he can put down a deposit of P10000 on a car on his eighteenth birthday. What compound interest rate does he need to achieve this growth?

Posted Date: Sep 29, 2021 10:26 PM

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Charlie has been given P5000 for his sixteenth birthday. Rather than spending it, he has decided to

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Amount 10000 Principal 5000 Time 2 Using the formula A P 1 r t W... View the full answer

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