principal (p)=62500,Time (T)=1.5 years,Rate (R)=8% Ammount=p (1+R÷100) =62500 × 1.1664 =72900 again, compound interest = p(1+R÷100)-1=62500×0.1664 = 10400
Answer:
31 9/10
Step-by-step explanation:
if u want to find out how many pounds u lose u subtract 230 1/2 by 198 3/5
230 5/10 minus 198 6/10
31 9/10
hope this ehlps
Original bill is 100%/20% *5.8=29
(dollars)
Answer:
interest earned= 292.878
the future value of an annuity= 892.878
Step-by-step explanation:
Given Data:
Interest rate= 5%
time,t = 8 years
Quarterly payment, P= 600
n= 4 as quarterly
At the end of 8 years, final investment A= ?
As per the interest formula
A= P(1+r/n)^nt
= 600(1+0.05/4)^32
= 892.878
Interest earned = A-P
= 892.878-600
= 292.878 !
