7.2
Lisa opened a savings account and deposited R10 000 immediately into the
account. The account paid interest at 5,3% per annum, compounded monthly.
She started making additional monthly deposits of R500 into the account three
months after the account was opened. Her last monthly deposit of R500 was
made 5 years after the account was opened.
How much money was in the account 5 years after the account was opened?
​