China bank offers 1.1% compounding rate annually Suppose a tricycle driver wants to eam 200,000 00 e
3 years how much money should thoe tricycle driver needs deposit??
Pahelppp
3 years how much money should thoe tricycle driver needs deposit??
Pahelppp
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Answer:
how much money should the tricycle driver needs deposit?
• 206.67287
Solution:
Based on the given conditions, formulate:
= 200×(1+1.1%)³
Evaluate the equation/expression:
= 206.67287
Convert the number
And this is the alternative result.
= 206.67287