Questions LLC
Login
or
Sign Up
Ask a New Question
Questions
Math
$20000 amount to $ 24200 in two years under compound interest compounded annually
1 answer
2000(1+i)^2 = 24200
(1+i)^2 = 1.21
take √ of both sides, etc
You can
ask a new question
or
answer this question
.
Related Questions
If P(t) is the amount of dollars in a savings bank account that pays a yearly interest rate of r% compounded continuously ,then
A SUM OF MONEY IS KEPT IN A BANK AT 8% INTEREST COMPOUNDED ANNUALLY.HAD THE INTEREST BEEN AT 10% COMPOUNDED SEMI ANNUALLY THE
Jie is investing $15000 and is choosing between two options.
With Option A, the investment is compounded semi-annually and will
The compound interest on a principal amount of RM1200 for 2 years at an annual interest rate of 10% compounded semi-annually is:
Suppose that $20000 is invested at 7% interest compounded annually. Find that amount of money in the account after 1 year?
need
A man wishes to bequeath to his daughter P20,000 ten years from now. What amount should he invest now if it will earn interest
If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year.
A) Find the amount in the bank after 6
Find the difference in financial gains when $3,200 is invested for 8 years with an interest rate of 4.5% for both simple
If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12
If 8000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in the bank after 11