Question

what will R3 5000 amounts to 10
years after its deposit in bank
interest at the
rate of 10u.) compounded
asimulilly ?​

Answer 1

Answer:

principle =3500€

rate 10%

time 10 years

A=p(1+r/100)whole power n

A=35000(1+10/100)whole power 1

35000*(101/100)

35350