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QT – May 2017 – L1 – Q2a – Mathematics of Business Finance

Calculate the accumulated amount of an investment using compound interest.

  • ICA (Ghana)
  • PROFESSIONAL PROGRAM
  • QUANTITATIVE TOOLS IN BUSINESS
Question

Calculate the accumulated amount if GH¢2500.00 were invested at 18% compound interest for a period of six years.

Answer

  • Tags: Accumulated value, Compound Interest, Investment
  • Level: Level 1
  • Topic: Mathematics of Business Finance
  • Series: MAY 2017
  • Uploader: Theophilus
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