Chambers Carroll

01/03/2023 · Primary School

Hrista opens a savings account with a deposit of R50 000 . A year later she deposits another R25 000 . Another 2 years later she withdraws R10 000 . Five years after the account was opened, she makes a final deposit of R30 000 . The account pays \( 3,5 \% \) p.a. compounded monthly. How much money in in the account (1) immediately after the final deposit of R30 000 ? (2) 7 years after the account was originally opened?