Question

Miss Wong joins an investment scheme. She makes an annual contribution on the first day of each year for ten years. In the first year, she invests $12000 in the fund. Starting from the second year, she invests 5% more than the preceding year.
(a) How much will she invest for the last year?
(b) If the annual return of the fund is 8%, find the total amount that she can get at the beginning of the 11th year.

Answer 1

@primeralph @ganeshie8