Find the sum which amounts to Rs 9261 at 10% per annum compound interest for 18 months ,interest payable half yearly
, where A is amount , r is rate =10% = 0.10 , n is intervals of compounding n=2 , t is time = 18 months=1.5 years
Lets plug in
divide both sides by 1.006012008
The answer is x= - 11/ 16
You can check this by plugging in x for -11/16
Answer:
d= +3
Step-by-step explanation:
1st term = -19
2nd term = -16
d = 2nd - 1st
d= -16-(-19)
d = +3
Answer:
8,229,437 cents
Step-by-step explanation:
Using the compound interest formula;
A = P(1+r)^n
Given
Principal invested = $37700
rate r = 5% = 0.05
Time t = 16years
Substitute into the formula
A = 37700(1+0.05)^16
A = 37700(1.05)^16
A = 37700(2.1829)
A = 82,294.37
Hence the amount of money, to the nearest cent, in the account after 16 years is 8,229,437 cents