IB HL Maths Help !!!?
It earns a fixed rate of interest of 6% p.a with interest being paid annually. The amount at the end of each year in the account is:
A0 = 2000
A1= A0 * 1.06 +2000
A2 = A1 * 1.06 +2000 etc
Now the question is --> FIND the total bank balance after 10 years, assuming there are no fees or charges.