Posted by fatima on Saturday, December 7, 2013 at 5:56am.
Suppose you are managing an account in which you deposit Rs. 20,000 at the end of each year for 20 years. How much amount you have accumulated with the assumption that you earn 5% interest compounded annually.

math  Reiny, Saturday, December 7, 2013 at 8:18am
amount = 20000( 1.05^20  1)/.05
= ..
I will let you do the buttonpushing on your calculator

math  awaz, Sunday, December 8, 2013 at 7:30am
101.07

algebra2  ramila, Thursday, June 11, 2015 at 9:41am
Claire invested $2000 in her bank account earning 2% each years. how many years will it take for her bank account to reach $2100?
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