Question

If a maturity amount of a fixed depoist is 20000, duration is 5 year and rate is 12%. What is deposit amount?

Answer 1

20000 multiply by 5
20000x5=100000
this is a ans

Answer 2

Answer:

P = $12,500.00

Equation:

P = A / (1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 12%/100 = 0.12 per year.

Solving our equation:

P = 20000 / ( 1 + (0.12 × 5)) = 12500

P = $12,500.00

The principal investment required to get a total amount, principal plus interest, of $20,000.00 from simple interest at a rate of 12% per year for 5 years is $12,500.00.

Please mark my answer as brainliest