ArianaBrande ArianaBrande

12-03-2018
Mathematics

contestada

What is the interest earnt on a $5000 investment at 6.4% p.a. after 3 years if interest is compounded weekly?

Respuesta :

shresthasusan44 shresthasusan44

12-03-2018

let's assume there are 52 weeks in a year,
so we have , rate= 6.4/52= 0.123%
now ,
c.i = 5000[(1+0.123/100)^3×52 -1]
= $1056.911
took me a while

Answer Link

Otras preguntas

how did geography encourage the rise of civilization in mesoptomia

Ecological succession leads to the sustainability of life in an ecosystem. Succession is the observed process of change in the species structure of an ecosystem

What happened as a result of the Japanese attack on Pearl Harbor? The United States negotiated with Japan in an effort to avoid war. The United States imposed

Write five factors that affect your health that you can control then write five factors that affect your health but are outside of your control

What are the three different components of the highway transportation system

Which line from the text provides the most information about how stoppard's play differs from Shakespeare's and his treatment of the two characters

What kind of money is this??

classify each solution as either an acid or a base using the properties that are stated. what are two ways these solutions are similar? solution a - has a bitte

Isotopes of elements have different: A.) atomic masses B.) atomic numbers C.) electron shells D.) numbers of protons

What is an example of a student handbook rule that has a necessary Oxford Comma?