Showing ALL calculations, whether this statement is valid Rammone invests R505 050.00 for three years at a banking institution when
will grow at 5% compound interest per year.
2.2.1
Use a yearly STEP by STEP or a long method and calculate the
interest earned after three years. (Do not use the compound intere
formula.)​

RM79 608.51

Step-by-step explanation:

First year,

RM505 050.00×5%=RM505 050.00×5/100

=RM25 252.50

second year,

(RM505 050.00+RM25 252.50)×5%=RM530 302.50×5/100

=RM26 515.13

third year,

(RM530 302.50+RM26 515.13)×5%=RM556817.63×5/100

=RM27840.88

three years interest,

RM25 252.50+RM26 515.13+RM27840.88=RM79608.51

I don't know that is R or RM

if it is R ,sorry

Hope can help!

answer 1 : option "c"

answer 2 : option "d"

answer 3 : option "b"

answer 4 : option "d"

answer 5 : option "b"

answer 6 : option "a"

answer 7 : option "c"

answer 8 : option "d"

answer 9 : option "c"

answer 10 : option "d"

answer 11 : option "c"

answer 12 option "b"

answer 13 option "c"

answer 14 option "c"

answer 15 option "d"

answer 16 option "a"

answer 17 option "b"

answer 18 option "c"

answer 19 option "a"

answer 20 option "a"

answer 21 option "c"

d