Question #227598

During the 2009/2010 fiscal year, SAB generated sales revenue of R33 billion. SAB decided to invest R330 000 in fixed account that earns 10% interest. How much the fixed account be worth in five years' time?

  1. R531 465
  2. 337 669
  3. 483 153
  4. 830 258
1
Expert's answer
2021-08-20T09:05:25-0400

Amount=330000×[1+10100]5=531468.3Amount = 330000×[1+\frac{10}{100}]^5=531468.3


R 531 465




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