sabuc2009 sabuc2009
  • 02-11-2019
  • Mathematics
contestada

Find the compound interest on 50000 for 9 month at 8 %

Respuesta :

cygilberts
cygilberts cygilberts
  • 02-11-2019

Answer:The answer is 5, 414.52

Step-by-step explanation:

Since number of years isn't imputed, it will be assumed it's for 1 year

Hence using Compound interest formula

A = P( 1 + r/n)^not

Inputting values

A = 5000( 1 + 0.08/9) ^ 9*1

A = 5, 414.52

Hope this helps

Answer Link

Otras preguntas

In 2005 Anne Frank image was projected on the side of york castle, UK why?
a) CALCULATE the acceleration of a 300,000 kg jumbo jet, just before takeoff when the thrust of each of its 4 engines is 36,000 N. If the jumbo jet take off spe
I need help, even calculators can't help me and my teacher wants us to solve: (1.45*10^54)^(1.00*10^39) Thanks for the first person to help solve this, I don’t
find the mass of a person who weighs 608 N
What is the approximate value of 113−−−√ to the nearest tenth? Select the dot to plot your answer on the number line.
What does the product of the two circled numbers (3 and 7) represent? ​​
What is the speed of a ball that has a mass of 3kg and travels 9 meters in 2 seconds?
A famous person recently spent a day at your school. Write an email to a friend, describing what happened. In your email, you should: • describe the famous pers
Gravity is the strongest non-contact force on Earth. a. true b. false
The diagram shows a trapezium Work out the value of y . Give your answer correct to 1 decimal place.