Find compound interesttime = 9 months compounded annuallyprincipal = 5

1.	Find compound interesttime = 9 months compounded annuallyprincipal = 5000Rate = 4%
Answer» ANSWER: Here, P = $320,000, R = 20% p.a. and N = 1 year. ∴ Amount after 1 year = P ( 1 + R/4 ) 4N = 320,000 x ( 1 + 0.20/4 ) 4 x 1 = 320,000 x ( 1 + 0.05) 4 = 320,000 x (1.05 ) 4 = 320,000 x 1.21550 = Rs. 388,962 ∴ Compound INTEREST = 388,962 – 320,000 = 68,962

Find compound interesttime = 9 months compounded annuallyprincipal = 5000Rate = 4%

Answer»

ANSWER:

Here, P = $320,000, R = 20% p.a. and N = 1 year.

∴ Amount after 1 year = P ( 1 + R/4 ) 4N

= 320,000 x ( 1 + 0.20/4 ) 4 x 1

= 320,000 x ( 1 + 0.05) 4

= 320,000 x (1.05 ) 4

= 320,000 x 1.21550

= Rs. 388,962

∴ Compound INTEREST = 388,962 – 320,000 = 68,962

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Find compound interesttime = 9 months compounded annuallyprincipal = 5000Rate = 4%

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