Friday

April 18, 2014

April 18, 2014

Posted by **Aman singh** on Friday, May 10, 2013 at 11:31pm.

- Math -
**drwls**, Saturday, May 11, 2013 at 8:00pmAre you asking for the value of the principal after 4.25 years? How often is interest compounded? Is 29,200 the initial principal?

If compounding is quarterly and the initial principal is 29,200,

the final principal is

29,200(1.015)^17 = 37,610.19

You need to specify currency type. Dollars? Rupees? Euros? Renmibi?

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