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4000 principal earning 6% compounded annually afteer 5yr
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Jan 22, 2018
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4000 principal earning 6% compounded annually afteer 5yr
Mathematics
high-school
Justin Ardini
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Justin Ardini
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compounded annually makes it eaiser
for annually
A=future amount
P=present amount
r=rate in decimal
t=time in years
given that present amount is 4000 (what, rupees?)
and rate is 6% or 0.06 and time=5
A=5352.9023
round
5352.90 rupees
David Runger
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Jan 28, 2018
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David Runger
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