Question

salim deposits 52000 in a bank for 4 years at the rate of 7% per annum. Find the amount he will get after 4 years if he interest is compounded annually
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Answer 1

Answer:

A

Step-by-step explanation:

A= P(1+ R/100)^n

Given:

P=52000

N= 4

R= 7%

Therefore, A= 52000(1+ 7/100)^4

A= 68161.3925

Hope It's correct:)