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

Alarm care business charges $24 an hour plus a standard equipment fee 4 hours of work cost $126 write an equation in point slope form to describe the situation
PLEASE HELP ASAP!! Select the correct answer. Micah took out a student loan for $20,000, which began accruing interest immediately. He has chosen not to begin
Hook sentence on why overcoming obstacles is important
Did you eat dumplings in ancient times?
Alexis is `56` inches tall. What is her hight in meters
im having trouble finding the answer
Why does renal failure cause pulmonary edema?
help me please 7/12 + 5/9 - 7/8 =?
Given right triangle ABC with altitude BD drawn to hypotenuse AC. If AD = 8 and DC = 8, what is the length of BD?
Start time: 9:38 pm End time: 1:16 am