Question

En Faiz deposits a sum of Rm 18000 in a bank with interest rate of 4.5% per annum and compounded

once every 4 months. Find En Faiz's total savings at the end of the year.​

Answer 1

4.5 divide 100 x RM18000

4.5% is 810

810 x 3 = RM2430

RM 2430 is the total savings at the end of the year