maddie3588
maddie3588 maddie3588
  • 08-02-2017
  • Mathematics
contestada

4000 principal earning 6% compounded annually afteer 5yr

Respuesta :

apologiabiology
apologiabiology apologiabiology
  • 08-02-2017
compounded annually makes it eaiser

for annually

[tex]A=P(1+r)^t[/tex]

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

[tex]A=4000(1+0.06)^5[/tex]
[tex]A=4000(1.06)^5[/tex]
A=5352.9023
round
5352.90 rupees

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