Devi has $1950 in her bank account. The bank pays her an annual interest of 2.2%. How much money will she have in her bank account after a year if she does not withdraw any of her savings?
thee answer is...
FV = PV[1 + R]^N
FV =1,950 [1 + 0.022]^1
FV = 1,950 x 1.022
FV =$1,992.90
