The interest is compounded quarterly.(利益是按每季度算复利)amount 8000*(1+12%)^6=15790.6compound interest 8000*(1+12%)^6-8000=7790.6结果一 题目 The interest is compounded quarterly.Principal():8000Interest rate (%p.a.):12Deposit period (month):6Amount():Compound interest($):Find the unkn...
If money is invested at r percent interest, compounded annually, the amount of the investment will double in approximatelyyears. If Pat's parents invested $5,000 in a long-term bond that pays 8 percent interest, compounded annually, what will be the approximate total amount of the investment...
What you need to pay attention to is how often thatinterest is compounds. It could be yearly, monthly, or even daily. The more frequently interest is compounded, the faster you will earn money. It is important to note that all savings accounts vary, but some may have minimum deposit requi...
As you earn interest on your savings, it would be nice to know when that interest is added to your account and how fast the account will grow. The accrual and compounding terms of an account, along with the interest rate, determine the total earnings on your money. Daily accrual with mon...
解析 In such cases, if the rate of interest is R% per annum then it is clearly ( .% per half-yeaThe amount after the first half-year becomes the principal for the next halfThe method for calculating compound interest in such cases ls shown in the ...
Learn how to find the average savings account interest rate, how that differs from the highest rates and what factors impact your balance earnings.
A$6,300principal earns6%interest, compounded annually. After3years, what is the balance in the account? Formula Of Compound Interest: Compound interest means the interest over the interest. The total amountA, when the amountPis invested fortyears if the rat...
If the amount P is invested at an annual interest rate of r percent ,compounded n times per year,the the value of the investment at the end of t years is given by the formulaanswer:V=P(1+r/100n)^(nt) 答案 意译一下:如果开始本金是P,年利率为r,每年计n次复利,则t年后的本金由下列...
For an interest rate compounded annually of 7%, what is the equivalent interest rate compounded: A) Semi-annually B) Quarterly C) Monthly D) Weekly E) Daily Determine how much $1,000 deposited in a savings account paying 2% (compounded quarterly) will be worth ...
Compound interest is added periodically to the total invested, increasing the balance. The more often interest is compounded, the higher the APY will be. APY has a similar concept as annual percentage rate (APR), but APR is used for loans. The APY on checking, savings, or certificate of...