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.现在我知道答案 r约等于 8....
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Compound Interest Formula is provided here with a solved example. Click to know the formula for compound interest. To learn more important formulas in Maths, register with BYJU'S.
The underlined part“ compound interest〞 in the passage probably means___. A. increasing curiosity to learn how to make more money B. stronger power to hold one' s attention to saving money C. money paid by the bank on your original money and the gain from it D. your parents' money...
A. Interest is calculated only on the original principal. B. Interest is calculated on the original principal and the accumulated interest of previous periods. C. Interest is calculated randomly. D. Interest is not calculated at all.
解析 simple interest =单利compound interest=复利nominal rate=利率effective annual rate=年增长率future value=预价present value=现价 结果一 题目 1 simple interest2 compound interest3 nominal rate4 effective annual rate 5 future value6 present value的中文解释以及之间的关系公式.如果可以的话,可以解释一下...
Practice the questions given in the worksheet on difference of compound interest and simple interest.Compound interest for 2 years - simple interest for two years P{(1 + )2 - 1} - e==P*r/(100)*r/(100) =100= Simple interest for 1 year on "Simple interest for 1 year".1. Find th...
百度试题 结果1 题目 4) What would be the compound interest on Rs 4200 for 18 months at 10% per annum compounded half yearly? 相关知识点: 试题来源: 解析 Rs.662.025 反馈 收藏
In the second example, we calculate the future value of an initial investment in which interest is compounded monthly. Question You invest $10,000 at the annual interest rate of 5%. The interest rate is compounded monthly. What will be the value of your investment after 10 years? Solution ...
Which of the following gives the compound interest on \10000 at 6\%$ 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. \...