Answer to Question #267357 in Financial Math for Ayana Prica

Question #267357

Mia Benson invested her summer earnings of R3 000 in a savings account which pays 2.5% interest. How much will this amount to in 6 months?

Expert's answer

"FV=PV(1+r) \n^n\\\\"

after 6 months:

"FV=3000(1+0.025) \n^{1\/2}\n =R 3037.27"

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