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Sipho invested R30 000 for 6 years. The investment earned 12% p.a. compounded monthly for the first two years. Thereafter the interest rate changed to 10.8% per annum, compounded semi-annually for the rest of the period.

Calculate the value of the investment at the end of 6 years. (No other transactions were made on the account)
in Grade 11 Maths by Diamond (39.8k points) | 21 views

1 Answer

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A= 30000(1+ 0.12/12)^2x12 + 30000(1+ 0.12/12)^2x12[1+ 0.108/2]^4x2

  = R96 109.55
by Silver Status (31.3k points)

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