mikesirk67 mikesirk67
  • 20-02-2020
  • Mathematics
contestada

5000 at 12% compound quarterly compared interest earned after 5 year's

Respuesta :

salim22
salim22 salim22
  • 20-02-2020

Answer:

A = P(1+r÷100)^n

where A is amount after some days

r is the rate

n is the number of years

p is the principle (the amount of money before the interest)

A = 5000 ( 1 + 12÷100)^5

A = 8811.70

A = 8812

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