❤50 points❤
Maths SM ch.4 pg20 Q.2.
100 will become after 20 years at 5% p.a compound interest amount of
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Answered by
7
Compound interest is given by the equation:
A
f
=
A
0
(
1
+
r
100
)
n
where:
A
0
,
A
f
are the initial and final amounts of money, respectively
r
is the rate of compound interest
n
is the number of years passed
So, we get:
A
f
=
$
100
(
1
+
5
100
)
20
=
$
100
⋅
1.05
20
=
$
100
⋅
2.65
=
$
265
Therefore ans is 265.
Answered by
0
Answer:
option c is the correct answer
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