2026 NORTHBROOKS P1 Q2

2026 NORTHBROOKS P1 Q2

Secondary 4
2 marks

Miss Wong invests \$55000 at rate of 1.8% per annum compounded half yearly.

She leaves the money in the account for 2 years.

Calculate the value of her investment at the end of 2 years.[2]

Solution:

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Answer:\(\$57\,006.89\).

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