Math, asked by lakshmimaurya220, 3 months ago

the compound interest on an amount of $5624 is $4095 . for what time was the amount borrowed if the rate of interest was 20%?

Answers

Answered by Braɪnlyємρєяσя

Answer:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. The total initial amount of the loan is then subtracted from the resulting value.

Answered by HorridAshu

Һ૯Ր૯ ɿς ע૦౮Ր คՈςω૯Ր

According to question,

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. The total initial amount of the loan is then subtracted from the resulting value.

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the compound interest on an amount of $5624 is $4095 . for what time was the amount borrowed if the rate of interest was 20%?​

Answers

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. The total initial amount of the loan is then subtracted from the resulting value.

the compound interest on an amount of $5624 is $4095 . for what time was the amount borrowed if the rate of interest was 20%?