start
accept P
ci =A-P
A=P+i
Print Ci
Print C
STOP
Chat with our AI personalities
Well, darling, if you want to know how much compound interest you'll get on Rs 9650 at a 6% rate over 3 years, I'll tell you straight. The formula for compound interest is A = P(1 + r/n)^(nt), where A is the amount, P is the principal, r is the rate, n is the number of times interest is compounded per year, and t is the time in years. Plug in those numbers and you'll find out the compound interest you're looking for. Just remember, math doesn't care about your feelings, honey.
The following is the answer.
The present value of a series of payments with compound interest and payments at the end of a period can be found by the formula:PV = c * (1-(1+i)^(-n))/iwhere 'c' is the amount of the periodic payment,n is the number of periods, and i is the interest rate per period.Since you want to find the Present Value for payments starting at the beginning of the period, you would receive 1 payment of 2500 now, which would have a present value of 2500, plus the present value of 29 payments received at the end of the period:PV = 2500 + 2500 * (1-(1+.10)^(-29))/(0.10) = 25924.01
750 invested for 10 years at 10% pa would be 1,945
the formula for simple interest is I=PRT (interest=principal x rate x time )