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determine the number of years it will take for an investment of ksh2100000 to grow to ksh 3108513 if the interest rate is 16% per year compounded quarterly
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asked
Jul 22, 2021
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Mathematics Form 3
by
RodahMakheti
commercial arithmetic
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Jul 25, 2021
by
emilia254
3108513=2100000(1.16)^n
1.4802=1.16^n
Log1.4802=nlog1.16
N=2.6
=2.6yrs
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