Olympiad Maths Prep

Track / Stage 5 / 25 of 400 #625 of 2000

Problem 625

AIME late
Algebra Difficulty 5.0 Find the answer

# 18. Problem 18

The owner of an apartment rents it out for five years and receives 240,000 rubles from tenants at the end of each year. The owner does not spend the rental income but saves it in a term deposit with an annual interest rate of 10%10\% (capitalization occurs once at the end of the year). What amount will the owner have in the account after five years?

Official solution

Write the answer as a number without spaces, without units of measurement, and without any symbols (rounding to the nearest whole number if necessary).

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Source: NuminaMath-1.5, licensed Apache-2.0. Statement and solution reproduced as published; topic, difficulty and ordering added by this site.