My Bank Balance

My back pays me 4% simple interest compounded annually. If I deposit one hundred dollars at the beginning of each year for five years, what would be my balance at the end of five years?

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Vineet Patawari

Hi, I'm Vineet Patawari. I fell in love with numbers after being scared of them for quite some time. Now, I'm here to make you feel comfortable with numbers and help you get rid of Math Phobia!

4 thoughts to “My Bank Balance”

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