SOLUTION: you have invested R150 000 in an investment account at 15% interest per year for 5 years.Calculate the final amount of money you will have after 5 years?

SOLUTION: you have invested R150 000 in an investment account at 15% interest per year for 5 years.Calculate the final amount of money you will have after 5 years?

Algebra.Com

Question 949480: you have invested R150 000 in an investment account at 15% interest per year for 5 years.Calculate the final amount of money you will have after 5 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=150000(1.15)^5
FV=150000(2.0114)
FV=301703.58
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