Thandi deposits 800 into a bank .The bank will pay simpl interest rate 8% per year.How much will thandi get when she withdraws all her money after 5 years
A=P(1+r.n)A=P(1+r.n)A=P(1+r.n)
P=800
r=0.08
n=5 years
=800(1+0.08×5)=1120=800(1+0.08×5)=1120=800(1+0.08×5)=1120
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