The Compound Interest of 10400 at 12.7% for 4 years is 6378.
The principal amount is given as 10400.
The rate of interest is given as 12.7%.
The time period to be calculated is given as 4 years.
The compound interest for the given above is to be calculated.
<h3>What is
compound interest?</h3>
Compound interest is the interest that we earn both on the principal amount and the interest we earn.
The formula used to calculate compound interest is:
Where P = principal amount, R = rate of interest, and n = number of years.
We have,
P = 10400
R = 12.7%
n = 4 years
Compound interest:
Now,
10400 [ ( 1 + 0.12.7 )^2 - 1 ]
10400 [ 1.127^4 - 1 ]
10400 [ 1.61322 - 1 ]
10400 x 0.6132
6377.56
Rounding to the nearest whole number.
We have,
Compound Interest = 6378.
Thus the Compound Interest of 10400 at 12.7% for 4 years is 6378.
Learn more about Compound Interest here:
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11,5,-12,-8,-2 These are the numbers from least to greatest..
Answer:
The answer is C.
Step-by-step explanation:
J<em>ust failed hah stream fancy</em>
Answer:
11:37.02 pm
Step-by-step explanation:
11:59 pm - 21:58 minutes = 11:37.02 pm
Answer:
4 pizzas - 26 cups
13 cups - 2 pizzas
Step-by-step explanation:
4 pizzas:
39 cups : 6 pizzas
6.5 cups : 1 pizza
6.5×4 cups : 4 pizzas
4 pizzas = 26 cups
6.5 cups : 1 pizza
13/6.5 cups : x pizzas
13 cups = 2 pizzas