Salam
If we reflected our time in Form 2 in the secondary schools ..
we must have met how to compute interest from a sum of money deposited in a bank.
the formula was Interest = principal * time * rate
the time is in years.
therefore if i gave you a month .. then you must convert time to be (1/12)
2) 99.9 percent of my degree students in this section forgot the above magic formula in their way to get a recurrence formula in Question 4 of the exam paper.
So sad/ so silly of you. U missed 20 marks ..
thank you.
wasallam
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highest 89 marks;
sir, according to the question, i thougt that the interest rate is updated monthly, where the question mentioned "...pays 6% compounded monthly". am i heading the right way?
please refer to pg 299 reference Susanna Epo 2012 Discrete Mathematics with Applications. tq.
i was reading that book the night before the exam, but i dont know why, in the exam hall i forgot everything =.=