A firm invests LKR 50000 each year in a research programme where the rate of return is 10% per annum on the investment. what is the total value of the investment after 10 years?
50000(1+0.1)^10 =
$${\mathtt{50\,000}}{\mathtt{\,\times\,}}{\left({\mathtt{1.1}}\right)}^{{\mathtt{10}}} = {\mathtt{129\,687.123\: \!005}}$$
$129687.12
