Question

4. Find the sum of money that amounts to 26 000 in 5 years at the interest rate of 6%
per annum​

Answer 1

Answer:

sorry very though calculation..

Answer 2

Answer:

amount = P(1+$\frac{R}{100}$)^n

A = 26000(1+$\frac{6}{100}$)^5

A ≈ 34794 $