Show the steps plz`
1) A company deposit $150000 in a bank at an rate of 10% p.a. If the interest is compunded yearly, find the interest it will get 8 years later.
Maths Compound Interest
2008-02-29 2:30 am
回答 (1)
2008-02-29 2:41 am
✔ 最佳答案
The required interest = Total amount after8 years – deposit
= 150 000 X (1 + 10%)8– 150 000
= 150 000 X (1.18- 1)
= $171 538.32 (cor.to 2 decimal places)
參考: Myself~~~
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