An investor deposits Rs.100,000 today in a bank and the bank offers a 5% interest rate per annum compounded quarterly. What will be the amount after 10 years? If you deposit $85,924 at 16.4% annual interest compounded quarterly, how much money will be...
Which of the following gives the compound interest on \10000 at 6\%$ p.a. for one year, compound monthly? A. \10000\left( 1.06^{12}-1\right)$ B. \10000\left( 1+\dfrac{0.06}{12}\right)^{12}$ C. \10000\left[ \left( 1+\dfrac{0.06}{12}\right)^{12}-1\right]$ D. ...
This article steps you through ten calculations, starting with the compound interest formula, then building a series of compound interest examples to demonstrate variations. I use a 4-year time period for the first group to explain the calculations, then expand to a 40-year horizon and add a ...
If you deposit $12,000 in a bank account that pays 10% interest annually, how much will be in your account after 7 years? If you deposit $11,000 in a bank account that pays interest of 2%, compounded annually, how much will you have...
A fortunate algebra student wants to invest $1,000,000 in a tax-free fund.If she hopes to double her investment in 8 years,What interest rate mush she seek if her account is compounded monthly?Give your answer in percent and correct to the nearest decimal place....
CompoundinterestformulaP,theprincipal,theinitialamount,r,annualinterestrate,e,pressedasadecimal,n,numberofinterestperiod
Compound interest works by growing your money through a bank or investment account. You first put your money into a compound interest account. It says how much you will earn per year. Your balance then grows by this compound interest amount. The following year, your balance plus interest earni...
5. Henry invests ￡4500 at a compound interest rate of 5% per annum.At the end of n complete years the investment has grown to ￡5469.78.Find the value of n.n=4 相关知识点: 试题来源: 解析 n=44500×1.05ⁿ=5469.781.05ⁿ=5469.78÷4500=1.2155066...1.05²=1.10251.05³=1.157625...
Interest on a savings account is the amount of money a bank or financial institution pays on your deposits. Compound interest is when interest is added to your deposit, then interest is calculated on that new higher amount. Compound interest on a savings account is calculated on principal and...
第一题意思是前2年月复利息是1.5%，2年后累计欠款是多少 10000*（1.015^24) = 14295 第二题是两年时还了5000，剩下月复利息降到1%，问一年后还多少钱？负债是 14295 - 5000 = 9295 月复利息降到1 9295 * （1.01^12）= 10474 最后应还10474 10473.87 ...