Wilson Tyler
03/05/2023 · Elementary School
Suresh deposits RM18 000 into the fixed deposit account with the annual interest rate of \( 2.7 \% \) compounded every half year for a period of 5 years, Which of the following represents the matured value of Suresh's savings? A \( 18000\left(1+\frac{0.027}{2}\right)^{(2)(5)} \) B \( 18000\left(1+\frac{2.7}{2}\right)^{(2)(5)} \)
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The correct representation is A. \( 18000\left(1+\frac{0.027}{2}\right)^{(2)(5)} \)
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