Answer: The owner reaches at Rs. 56438.28 after 30 years.
Step-by-step explanation:
Since we have given that
Sum = Rs. 17000
Rate of compounded daily = 4%
Number of years = 30 years
So, Using "compound interest formula" we get that :
Hence, The owner reaches at Rs. 56438.28 after 30 years.
Answer:
$208.33
Step-by-step explanation:
Julie has to make the down payment which is 25% of $60000 after saving for 6 years.
Therefore, Julie has to save a total of dollars.
And Julie has to save it for the duration of 6 years i.e. (6 × 12) = 72 months.
Hence, Julie has to save dollars every month to make the down payment after 6 years. (Answer)