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Exercise

$\left[100\frac{\left(1.05\right)^{12}-1}{0.05}\right]$

Step-by-step Solution

1

Appliquer la formule : $\frac{ab}{c}$$=\frac{a}{c}b$, où $ab=100\left(1.05^{12}-1\right)$, $a=100$, $b=1.05^{12}-1$, $c=\frac{1}{20}$ et $ab/c=\frac{100\left(1.05^{12}-1\right)}{0.05}$

$2000\left(1.05^{12}-1\right)$

Final answer to the exercise

$2000\left(1.05^{12}-1\right)$

Exact Numeric Answer

$1591.712652$

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