Answer :
Answer:
[tex]\text{ 33,597.91 Yuan}[/tex]Explanation:
Here, we want to get the balance in the account after 5 years
To do this, we use the compound interest formula
Mathematically, we have this as:
[tex]A\text{ = P(1+ }\frac{r}{n})^{nt}[/tex]where A is the account balance after 5 years
P is the amount deposited which is 25,000 Yuan
r is the interest rate which is 6% = 6/100 = 0.06
n is the number of times compounding takes place yearly (since it is semi-annually, it takes place 2 times per year)
t is the number of years in which we would have compounding
Substituting the values, we have it that:
[tex]\begin{gathered} A\text{ = 25,000( 1+ }\frac{0.06}{2})^{10} \\ A\text{ = 33,597.91 Yuan} \end{gathered}[/tex]