Answer to Question #184260 in Financial Math for rayhan

Question

Suppose you have an extra RM100 today that you wish to invest in for one 

year. If you can earn 10% per annum on your investment, how much will you 

have in one year? 

Answer 1

$A=P(1+r)^n$

$100(1+0.1)^1$

$100\times 1.1$

$=RM110$