Mr Lee invested $10000 for 2 years at 6% per annum compound interest. Find the amount he gained on the investment Eugene puts $30000 in a fixed deposit at a compound interest of 4% per annum. Calculate the amount he has with the bank at the end of 2 years.

(I don't really understand this question?)

Question

Mr Lee invested $10000 for 2 years at 6% per annum compound interest. Find the amount he gained on the investment Eugene puts $30000 in a fixed deposit at a compound interest of 4% per annum. Calculate the amount he has with the bank at the end of 2 years. 

(I don't really understand this question?)

tkhunny · Answer

Why are you in this class or why have you been given this problem?

Look really hard at these.

Mr. Lee:

$10000(1 + 0.06)^{2} = Something$

$Something - 10000 = $ Amount gained on the investment.

Eugene:

$30000(1 + 0.04)^{2} = $ Amount in the bank.

anonymous · Answer

because this is my homework. 
thanks

tkhunny · Answer

You did not answer my question.  If you do not understand the assignment, something is seriously wrong.  You should solve that problem.  A sincere chat with your academic advisor might determine that you are in the wrong class.  It isn't fair to you to be in a class where you don't understand the questions.