With the use of the following formula, determine future value of Steven's money. Round ALL the answer off to 2 decimal places.
A = P(1 + in)
Steven won a portion of the local lottery. The price money is to the value of R18 000.
He wants to invest the money but does not know which bank to choose.
FNB offers Steven 5,6% for 8 years simple interest per annum, Nedbank offers Steven 6,6%
for 6 years simple interest per annum and Standard Bank offers 7.2% for 5 years simple
interest.
Determine each bank future value to help Steven decide which bank he should choose.
FNB
Nedbank
Standard Bank
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step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )