Question

1. A woman deposits $10000 in a bank. The interest rate per annum is 8%. How much will she have in the account in 15 years to the nearest $?

Answer 1

31,772

Explanation:

10,000(1.08) = 10,800

Do this 14 more times, your answer times 1.08. You will end up with 31,721.6911418... round it and u will get $31,772