khushi09srivastava khushi09srivastava

15-09-2022
Mathematics

Answered

A deposit of AMD 1,000,000 was placed in the bank with an annual interest rate of 10%, with compound interest calculation (that is, at the end of each year, the amount at the beginning of the year increases by 10%). a) How much money will be on that account after 1 year? b) How much income will the depositor have after 2 years?

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