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Lorinda invested R14 000 into an account earning 9% per year, compounded weekly. She received R16 758,44. Determine the number of periods under consideration.
in BNU1501 by Diamond (40.2k points) | 9 views

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A =P ( 1+ i)^n... 16 758.44= 14000(1+0.09)^n .... 1.197=(1.09)^n .... n= log 1.197 ÷ log 1.09.... n=2.087 years
by Wooden (3.5k points)
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