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WITCHER [35]
3 years ago
6

What will an investment of 6000 Euro at 7% p.a compound interest amount to after 5 years if the interest is compounded:

Mathematics
1 answer:
Over [174]3 years ago
5 0
S = P[1 + (r / m)]^(m * t) 

S = ? 

P = 6000 euro 

r = 0.07 

m = 12 

t = 5 

S = 6000[1 + (0.07 / 12)]^(12 * 5) 

S = 6000(1.00583)^(60) 

S = 6000(1.4176...) 

<span>S = 8505.75 euro

---------------------------

You can now do the rest which is anually and quarterly.</span>
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