A man save 55,000 in a saving account which pays compound interest semi annuals at the rate of 6% per annum .
a.What will be the amount in his account after 12 years
24 half year periods at 3% each period
so
55,000 (1.03)^24
a.What will be the amount in his account after 12 years
so
55,000 (1.03)^24