Answer to Question #184260 in Financial Math for rayhan

Question #184260

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?

Expert's answer

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

"100(1+0.1)^1"

"100\\times 1.1"

"=RM110"

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