Simple&compound interest

2009-04-17 6:52 am
The simple interest on a sum of money at r% p.a. for 4 years is equal to the compound interest on the same amount at 4% for 4 years compounded half-yearly. The value of r ,correct to 2 significant figures, is


A. 2.1

B. 4.2

C. 4.3

D. 9.2

回答 (1)

2009-04-17 7:31 am
✔ 最佳答案
x (4) r% = x(1+2%)^8-x
r =4.29148452505664

the answer is C


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