• Best of luck to the class of 2025 for their HSC exams. You got this!
    Let us know your thoughts on the HSC exams here

Trial maths question. (1 Viewer)

readmod

Banned
Joined
Jul 2, 2012
Messages
64
Gender
Undisclosed
HSC
N/A
This was a super question we hot

Also. The last questions was




Bill invests $6090 at the end of each year at a rate of 12%. If he gains compound interest monthly how much does he have at the end of 5 years


(that was easy but it went


Pose Bill after 6.5 years decided to invest 4,5k a year instead (ontop of original. Whilst doing this three years later he drew our 400 a month for 6 years

During this time he gets interest every two month.

Finally bill retires 4.5 years later. During this he lives on 200 a week. In this time interest compounds every three weeks



How long does be have this money for?


How much does bill have after 54 years
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top