document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=986486>Question 986486</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A finance company is offering an attractive rate of 15% per annum on investment and Angela decides to invest Rs 50 000 on 1st January 2014.<BR>\n" );
document.write( "Find<BR>\n" );
document.write( "a. the value of the investment at the end of 2018.<BR>\n" );
document.write( "b. the interest received during the fifth year.<BR>\n" );
document.write( "On 1st January 2019, she decides to invest Rs20 000 at the start of each year for 10 years.<BR>\n" );
document.write( "c. Find, to the nearest Rs, the total value of her investment at the end of 15 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #607255 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=607255\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Times New Roman\" size=\"+2\">\r<BR>\n" );
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document.write( "a.\r<BR>\n" );
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document.write( "Compound or simple interest?\r<BR>\n" );
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document.write( "Simple interest:  <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE A\ =\ Prt\">\r<BR>\n" );
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document.write( "Compound interest: <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE A\ =\ P\left(1\ +\ \frac{r}{n}\right)^{nt}\">\r<BR>\n" );
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document.write( "where <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large n\"> is the number of compounding periods per year.  Remember to express the interest rate as a decimal.\r<BR>\n" );
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document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi}\ +\ 1\ =\ 0\"><BR>\n" );
document.write( "My calculator said it, I believe it, that settles it\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large \ \\r\"> </SPAN>\n" );
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