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

During what phase do sister chromatids separate ?
An epic is best described as what?
What was the significance of the peasants revolt?
Chromosomes, which contain DNA, have several functions. All BUT ONE of these statements is a function of chromosomes. A) Chromosomes determine the traits of an
Why do substances with weak intermolecular forces form solids at low melting points?
The price of a cup of coffee has risen to $2.65 today. Yesterday's price was $2.40
How long does a lunar eclipse last? Months Minutes Days Weeks
Which kind of bond is formed when two atoms share electrons to form a molecule?
What occurs in the menstral cycle day 1-4 for unfertilized egg in ovary?
Sam is upset that he smoked marijuana when he promised his mother that he would stop. He feels frustrated and ashamed. Which stage of the addiction cycle is Sam