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Halima deposited ksh 109,375 in a financial institution which paid simple interest at the rate of 8% p.a. At the end of 2 years ,she withdrew all the money .she then invested the money in shares.The value of shares depreciated at 4% p.a.during the first year of investment .In the next 3 years ,the value of the shares appreciated at the rate 6% every four months
(a)Calculate the amount Halima invested in shares.
(b)Calculate the value of Halima’s shares (i)at the end of the first year
(ii) at the end of the fourth year, to the nearest shilling.
(c)Calculate Halima’s gain from the shares as a percentage