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

Mathematics

1 answer:

hichkok12 [17]2 years ago

8 0

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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Check the picture below.

$\bf \textit{using the pythagorean theorem}
\\\\
c^2=a^2+b^2\implies \sqrt{c^2-a^2}=b
\qquad 
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\end{cases}
\\\\\\
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