Ramzi plans to have his driving license immediately after he finished his 4-year of
studies that will cost him RM2500. He will
deposit RM300 for the first year, RM400 in
the 2nd year, RM500 in the 3rd year, and
RM600 in the 4th year. His father has
agreed to finance the rest of the cost. How
much Ramzi will accumulate at the end of
fourth year if the interest rate is 9 % and he
decides to
start his
first deposit
immediately? What is the amount that her
father needs to top up?