1 year ago

Aperson invest 10,000 shillings for 40 months compounded monthly. Find the accumulated amount If the rate is 5% per annum.

Mathematics

1 answer:

yanalaym [24]1 year ago

4 0

monthly interest rate is : $\sqrt[12]{1.05}$

So in forty month there will be : 10 000 * ( $\sqrt[12]{1.05}$ )^40 ≈11 776,06

You might be interested in

The two triangles are similar. Determine the values of x, y, and z.

insens350 [35]

Answer:

y= 20 m

x= 15 m

z= 22 degree

Step-by-step explanation:

15+x=30 m

x=30-15

x= 15 m

z-18=40

z= 40-18

z= 22m

8 0

3 years ago

If the speed of a fluid in a pipe of a Cross-sectional area 100 cm³ is 30ms, what will be it's speed in a pipe of radius 10cm co

vichka [17]

Answer:

watch oreimo..

6 0

2 years ago

Which type of annuity typically utilizes mutual funds

Vlada [557]

Answer:
variable annuity typically provides mutual funds

Explanation:
1- Annuity is commonly used financial product among the retirees to get regular income.
2- Annuity usually pays a fixed amount each month
3- variable annuity is different because the amount of funds paid each month varies depending on how the investment performs each month.

Hope this helps :)

4 0

3 years ago

Which set is finite?

Tanzania [10]

Hello,

Answer A is the only finite set.

8 0

3 years ago

While playing a trivia game Adam answer eight questions correct in the first half and two questions correct in the second half i

ratelena [41]

Answer:

80 points

Step-by-step explanation:

First Half: Second Half: Total Right Answers

8 questions right + 2 questions right = 10 questions right

10*8 points a piece = 80 points

3 0

3 years ago

Aperson invest 10,000 shillings for 40 months compounded monthly. Find the accumulated amount If the rate is 5% per annum.​

Aperson invest 10,000 shillings for 40 months compounded monthly. Find the accumulated amount If the rate is 5% per annum.