Get premium membership and access revision papers with marking schemes, video lessons and live classes.
  OR
Processing. Please wait.

 Commercial Arithmetic 2 Video Questions and Answers

Kago deposited ksh 30,000 in a financial institution that paid simple interest at the rate of 12% per annum. Nekesa deposited the same amount of money as Kago in another financial institution that paid compound interest .After 5 years ,they had equal amount of money the financial
institutions.Determine the compound interest rate per annum ,to 1 decimal place,for Nekesa deposit.

 (3m 58s)
1859 Views     SHARE

|