Question

. In what time will *14,580 earn 5420 as interest at 11% p.a., compounded annually?​

Answer 1

Answer:

f interest is compounded daily, find the rate at which an amount doubles itself in 5 years? Ans. r = ((A/P) 1/nt - 1) × n = (2 1/(365×5) - 1) × 365 = 0.13865 = 13.87% per annum. 4. What is the present value of 500 to be paid in two years if the interest rate is 5 percent compounded annually? Ans. P = A/(1+r/n) nt = 500/(1+5/100) 2 = 453.51

Step-by-step explanation: