<PRE><B>Question 1158132</B>
 Julienne deposited her money amounting to P5,500 to her saving account in the CCJE cooperative.
If the coop gives 6% interest per annum. 
How much would her money be after 10 years?
:
Assume it is compounded annually A = Ao(1+r)^t, where
A = amt after t time
Ao = initial amt
r = interest rate in decimal form
t = time in yrs
:
A = 500(1 + .06)^10
A = 500(1.06)^10
Find 1.06^10 on your calc
A = 500 * 1.7980477
A = $895.42 after 10 yrs</PRE>