Question

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​

Answer 1

Answer: 41,504.71


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

Hope this helped❤️