If Rx is invested now, and at the end of every year for 4 years into an account that earns 7.2% interest per annum, compounded monthly. If the investment should grow to R20 000, calculate x. NB: a Hint is given to use a timeline?...
Ok,
x is invested now
In another 4 years another x is added to the account
Then another 4 years after that another x is added to the account.
etc,etc
The interest rate is 7.2% / 12 = 0.6% per month = 0.006
It grows to 20000 BUT you have not said how long it takes to grow to 20000.
Hence information is missing and this question cannot be answered !
Maybe you forgot to put something ?