Question

The simple interest on a sum of money at r% p.a. for 4 years is equal to the compound interest on the same amount at 4% p.a. for 4 years compounded half-yearly. Find the value of r, correct to 2 sig. fig.

Answer 1

@kryton1212 Are you even attempting any of these? lol

Answer 2

?

Answer 3

\[(1+4r)=(1+\frac{0.04}{2})^{4}\]