question archive IfP700 000 is to be invested in a bank at 2% interest rate compounded semiannually for 10 years, what will be the compound amount? Solution and answer: 2
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IfP700 000 is to be invested in a bank at 2% interest rate compounded semiannually for 10 years, what will be the compound amount? Solution and answer: 2. Mary will get a loan of P100 000 from a bank that offers 12% interest rate compounded annually. How much will be her payment if the loan should be paid after 2 years? Solution and answer: