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Hang Tuah plans to marry Puteri Gunung Ledang but she is only available after 250 years. To prove that he is loyal, he deposited into

  1. Hang Tuah plans to marry Puteri Gunung Ledang but she is only available after 250 years. To prove that he is loyal, he deposited into the Bank of Kesultanan Melayu Melaka RM70 each quarter in an account that yields 2% interest compounded quarterly. Assume that both Hang Tuah and Puteri Gunung Ledang were able to live long enough.

Compute the accumulated amount after 250 years.

(5 marks)

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