2023 AISS S3 EM P1 Q6

2023 AISS S3 EM P1 Q6

3 marks

Others>EOY

Xander deposited \(\$17,000\) in an account that pays \(5.5\%\) compound interest per year.

Find the total amount in the account after \(6\) years if the interest is compounded half-yearly.[3]

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Answer:\(\$23\,541.32\).

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