Psychology, asked by yordanoseyasu970, 3 months ago

suppose $1000 deposit in saving bank with commercial bank at 5% what will be the future value after five year? in formula

Answers

Answered by kaushalramesh2006

0

Answer:

$1250

Explanation:

5% of 1000=$50

number of years=5

Therefore add on = 5*50= 250

total balance after 5 years = $1000+$250=$1250

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