A man sold a plot of land for sh. 160000 and invested the money in the bank which pays 12% p.a compounded semi-annually. After two years, he withdrew sh. 100000 and the rest for a further three years.
a) How much did she leave in the bank at the end of 2 years?
b) How did he have in the bank at the end of 5 years?
c) Calculate the total interest made for the whole period.
Mathbot Says...
I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.