Question

Find the difference between the ci and si on 5000 for 2 years at 9 % p a

Answer 1

Answer:

n=2

R=0.09

p=5000

ci= 5000(1+0.09)^2-1

5000(1.09)^2-1

5000(1.1881)-1

5000(1.1881-1)

5000*.1881

940.5

si=ptr

5000*.09*2

900

the difference is 40.5