Latest exam Aptitude Question SOLUTION: A deposit of $5000.00 placed in the bank, increases by 5% each year. a) How much is in the bank at the end of 9 yrs? b) why is the interest rate higher in the 9th. year, as compare

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(#M40067639) EXAM Numerical Ability question Keep an EYE

A deposit of $5000.00 placed in the bank, increases by 5% each year.
a) How much is in the bank at the end of 9 yrs?
b) why is the interest rate higher in the 9th. year, as compared to the 2nd. year?

Thank you very much for your help.

Asked In exam (10 years ago)

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