Posted by **NISHI** on Monday, April 1, 2013 at 5:04am.

A SUM OF MONEY IS KEPT IN A BANK AT 8% INTEREST COMPOUNDED ANNUALLY.HAD THE INTEREST BEEN AT 10% COMPOUNDED SEMI ANNUALLY THE AMOUNT AFTER 1 YEAR WOULD HAVE BEEN 225 MORE.WHAT WAS THE PRINCIPAL AMOUNT KEPT IN THE BANK?

## Answer this Question

## Related Questions

- Compound interest - Hello My teacher skipped over this and I have no clue how to...
- compounded interest - A bank offers a rate of 5.3% compounded semi-annually on ...
- Calculus Please help! - If 7000 dollars is invested in a bank account at an ...
- Math - If 3000 dollars is invested in a bank account at an interest rate of 6 ...
- Calculus :) - If 8000 dollars is invested in a bank account at an interest rate ...
- math(compunded interest ) - 6.how long will it take for a sum of money to ...
- Compound Interest - A bank offers a rate of 5.3% compounded semi-annually on its...
- math & finance - A bank offers a rate of 5.3% compounded semi-annually on its ...
- Math: Compounded Interest - A principal of $200 is invested at 5% interest rate ...
- Algebra - Show how you substitute the values into the formula, then use your ...

More Related Questions