Pitbull Construction Corporation applies IFRS, has equipment that it can reliably measure fair value of, and has chosen to apply
1 answer:
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Answer:
Interest in 5 years will be $1418.07 which is near about $1420
So option (D) will be correct answer
Explanation:
We have given amount invested, that is principal amount P = $5000
Rate of interest r = 5 %
Time taken t = 5 years
As interest is compounded monthly so rate of interest
And time period n = 12×5 = 60 period
So total amount after 5 year will be equal to
We have to find the interest
Interest will be equal to = total amount - principal amount = $6418.07 - $5000 = $1418.07
Which is near about $1420 so option (D) will be correct answer
P = $20, the principal in the year 1871.
A = $17,000, the value in the year 2014
t = 2014 - 1871 = 143 years, the duration.
Let r = the yearly return on the investment.
If we assume that the compounding is performed yearly, then
P(1 + r)¹⁴³ = A
That is,
20(1 + r)¹⁴³ = 17000
(1 + r)¹⁴³ = 850
r = 0.0483 = 4.83%
Answer: 4.83%
A = $17,000, the value in the year 2014
t = 2014 - 1871 = 143 years, the duration.
Let r = the yearly return on the investment.
If we assume that the compounding is performed yearly, then
P(1 + r)¹⁴³ = A
That is,
20(1 + r)¹⁴³ = 17000
(1 + r)¹⁴³ = 850
r = 0.0483 = 4.83%
Answer: 4.83%