8.
A sum of money grows to $3800 in 3 years at 6%
per annum compound interest. Find the sum of
money if the interest is compounded
(a) yearly,
(b) monthly
LEVEL 3
13
CON
Answers
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Step-by-step explanation:
Simple interest = A×R*T
3800 × 6 × 3 ÷ 100
3800 ÷ 100 18
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