Question

(5 marks)
b) Anthony plans to take up business and purchase a shop lot near his home. He saves
RM10,000 in an account that pays 6% compounded every four months. Four years
later, he withdrew all his money to pay for the down payment of the shop lot.
D)
Find the value of the down payment.
(3 marks)​

Answer 1

I thought this right but sorry if it is wrong

first make the 6% in amount by 6×10,000÷100=3600

then, the convert 4 year into month by (4×12)=48month. after that divide 48months by 4 month.i.e.48÷4=12.at last multiply 12 by 3600.i.e. 12×3600=43200