Question

78,000 for 1 year at 1% per annun.compounded hell
yearily?​

Answer 1

Answer:

Here is your answer

Step-by-step explanation:

We know CI = A - P

Or, CI = P(1+r/100)^n - p

Or, CI = P [(1+r/100)^n - 1]

Or, CI = 7500[(1+4/100)^2 - 1] [where P = 7500, r = 4 and n = 2]

Or, CI = 7500[(26/25)^2 - 1]

Or, CI = 7500*(26/25 - 1)(26/25 + 1)

Or, CI = 7500*1/25*51/25

Or, CI = 612

Answer 2

Answer:

Here's your answer...

Step-by-step explanation:

612