You deposit K1000 every year for 4 years with a bank which pays 6.5% P.a. simple interest. In the end of the fifth year, what will be your total investment value?
You deposit K1000 every year for 4 years with a bank which pays 6.5% P.a. simple interest. In the end of the fifth year, what will be your total investment value?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
Question
You deposit K1000 every year for 4 years with a bank which pays 6.5% P.a. simple interest. In the end of the fifth year, what will be your total investment value?
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