Question

if Marwa has a 1,00,000 bond with a 7% interest , how much will she has in 8 years.

Answer 1

Given:

Present value = 100,000

Interest rate = 7%

Year =8

Future value $=Present \space value \times(1+Interest \space rate)^{years}$

Future value $= 100,000 \times(1+7\%)^8$

Future value$= 100,000 \times 1.71818618$

Future value $= 171,818.618$