Question

What will 5000 amounts to in 10 years after its deposit in a bank which pays interest annually
the rate of 10% compounded annually?
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Answer 1

Answer:

12968.7 or (12969 ROUNDED)

Step-by-step explanation:

compound Interest=

p(1+r/100)^n

Where p is the amount invested, R  is the percentage rate and n is the number of years

5000(1+10/100)^10=

12968.7

:))