answer these questions please
Attachments:
Answers
Answered by
1
(1) . Given P = 2400, R = 5%, T = 2 years.
We know that A = P(1+r/100)^n
= 2400(1+5/100)^2
= 2400(21/20)^2
= 2400 * 21/20 * 21/20
= 2646.
(2)Given P = 1800, R = 8% compounded quaterly = 2%, T = 4 years
We know that A = P(1+r/100)^n
= 1800(1+2/100)^4
= 1800(102/100)^4
= 1948.38.
Hope this helps!
We know that A = P(1+r/100)^n
= 2400(1+5/100)^2
= 2400(21/20)^2
= 2400 * 21/20 * 21/20
= 2646.
(2)Given P = 1800, R = 8% compounded quaterly = 2%, T = 4 years
We know that A = P(1+r/100)^n
= 1800(1+2/100)^4
= 1800(102/100)^4
= 1948.38.
Hope this helps!
Similar questions