0
Still curious? Ask our experts.
Chat with our AI personalities
Beau
Jordan
JudyAdd your answer:
Earn +20 pts
What amount of compound interest can be obtained on an amount of rs 9650 at the rate of 6 pcpa at the end of 3 years?
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.
Which of the following equations could you use to find the nth term of a compound interest sequence?
The following is the answer.
What is the present value of 2500 to be received at the beginning of each of 30 periods and discounted at 10 percent compound interest?
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
Find the final amount for the investment 750 at 10 percent interest compounded quarterly for 10 years?
750 invested for 10 years at 10% pa would be 1,945
Find the formula of simple interest?
the formula for simple interest is I=PRT (interest=principal x rate x time )
