Question
Nicolas deposits $13,640,000 in a financial institution with a return variable, so that the first year you get a 19.5% profit and the second year 2.1%. If Nicholas does not withdraw the interest the first year, how much money does he withdraw at the end of the 2 years?
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Answer to a math question Nicolas deposits $13,640,000 in a financial institution with a return variable, so that the first year you get a 19.5% profit and the second year 2.1%. If Nicholas does not withdraw the interest the first year, how much money does he withdraw at the end of the 2 years?
Gene
4.5108 Answers
1. Calculate the amount after the first year:
13,640,000 \times 1.195 = 16,300,300
2. Calculate the total amount after the second year:
16,300,300 \times 1.021 = 16,652,407.3
Therefore, at the end of 2 years, Nicolas can withdraw approximately16,652,407.30
2. Calculate the total amount after the second year:
Therefore, at the end of 2 years, Nicolas can withdraw approximately
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