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I have $50000000 with an interest of 20% investing it for 2years in the bank. How much will I have at the end of the 2 years

 Jun 11, 2015

Best Answer 

 #2
avatar+14538 
+5

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 Jun 11, 2015
 #1
avatar+14538 
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Kn = Ko * (1+p/100)^n

Ko = 50 000 000 $        p = 20 %         n = 2  years

Kn =$${\mathtt{50\,000\,000}}{\mathtt{\,\times\,}}{{\mathtt{1.2}}}^{{\mathtt{2}}} = {\mathtt{72\,000\,000}}$$  $

 

You will have  72 000 000 $ .

Greetings radix !

 Jun 11, 2015
 #2
avatar+14538 
+5
Best Answer

radix Jun 11, 2015

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