Total = 20(1+i)n
Total = 20(1.1236)
Total = 22.472
Interest accumulated = 22.472 - 20 = 2.472
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It is approx 77393.69 units of currency.
Interest = 2472
350*0.025*5 = 43.75
2.25 percent apex
Assuming that the 10 % stated is per year, the investment will earn 0.10 X 20000 = 2000 per year. The years required to earn 4000 will be 4000/2000 = 2.