Question 1142568

trader needs ₦300,000 to improve her business, she deposits ₦110,000 in her savings account at 5% per annum compound interest. she then adds ₦50,000 to her savings at the end of each year.
a) Find her total savings after 3 years. 
b) By how much is her savings greater or lesser than ₦300,000 at the end of the third year. 
<pre>{{{highlight_green(system(matrix(1,7, "a)", Total, savings, after, 3, "years:", "284,963.75"), matrix(1,8, "b)", After, 3, years, "she's", SHORT, by, "15,036.25")))}}}