SOLUTION: Mr. X has planned to deposit Tk 500,000 with a bank @ 12% interest for 10 years. Calculate the total amount Mr. X will get after 10 years considering compound in every year.

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Question 1136861: Mr. X has planned to deposit Tk 500,000 with a bank @ 12% interest for 10 years. Calculate the total
amount Mr. X will get after 10 years considering compound in every year.
Answer by ikleyn(52781) About Me  (Show Source):
You can put this solution on YOUR website!
.

Future value FV = 500000%2A%281%2B0.12%29%5E10 = Tk 1,552,924.     ANSWER

Notice : Tk is money unit of Bangladeshi