0 votes
641 views
in Mathematics Form 3 by
A man invests Ksh.24, 000 in an account which pays 16% interest p.a. the interest is compounded quarterly. Find the amount in the account after 1½ years.

1 Answer

0 votes
by

A = P(1 + R/100)n
   =24000(1 + 16/100 × ¼)6
   =24000(1+0.04)6
   =Ksh. 30367.70

Welcome to EasyElimu Questions and Answers, where you can ask questions and receive answers from other members of the community.

6.4k questions

9.6k answers

6 comments

590 users

...