Melitta open an account using her life savings of 250,000 the account pays 5.2% compounded semi-annually how much will maleta have at the end of 10 years
Explanation: It’s compound interest so you get the formula for that which is A=p(1+r)^t Fill in the values and change the % into a fraction A=25,000(1+0.052)^10 Then solve A=41,504.71
