Answer:
103,078.73.
Explanation:
Amount after n years = P(1 + r/100)^n where P is amount invested, r is the percentage rate and n = number of years.
So, here we have:
Total after 10 years = 52400(1 + 7/100)^10
= 52400 * 1.967151357
= 103,078.73.
$50678.73
9.4m questions
12.2m answers