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A man sold a plot of land for sh. 160,000 and invested the money in a bank which pays 12% p.a. compounded semiannually. After 2 years,...

A man sold a plot of land for sh. 160,000 and invested the money in a bank which pays 12% p.a. compounded semiannually.
After 2 years, he withdrew sh. 100,000 and the left the rest for a further 3 years.
a) How much did she leave in the bank at the end of 2 years?
b) How much did he have in the bank at the end of 5 years?
c) Calculate the total interest made for the whole period.

Answers

sharon kalunda answered the question on April 30, 2019 at 07:35

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