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A teacher estimates that she will need 300000 to improve her house.she deposits 100000 in...

A teacher estimates that she will need 300000 to improve her house.she deposits 100000 in her savings account at 9 and half percent per annum compound interest,she then adds 50000 to her savings at the end of each year.
a) Find her total savings after 3years.
b) By how much are her savings greater or less than 300000.?
In Mathematics
2 Answers Available
Asked by Smart on 31st January, 2022
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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