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If you start a bank account with N$15,000 and your bank compounds the interest monthly at an interest rate of 9% p.a, how much money do you have at the year's end? (Assume that you do not add or withdraw
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3 votes
If you start a bank account with N$15,000 and your bank compounds the interest monthly at

an interest rate of 9% p.a, how much money do you have at the year's end?
(Assume that you do not add or withdraw any money to/from the account).

User Ilan Kleiman
by
9.2k points

2 Answers

4 votes

Answer:

16 407.1

Explanation:

User Eyayaw
by
7.9k points
2 votes

Answer:

Explanation:

16350$

User Pyrocrasty
by
8.5k points
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