Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An amount of R 1 0 0 is invested for 1 0 years at a rate of 1 2 % p . a . compound

An amount of R100 is invested for 10 years at a rate of 12% p.a. compound interest. What is the future value of this investment at the end of 10 years?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Principles Of Project Finance

Authors: Rod Morrison

1st Edition

1409439828, 9781409439820

More Books

Students also viewed these Finance questions