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 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

A park is in the shape of a rectangle 2 miles long and 1.5 miles wide. How much shorter if you walk diaganolly across the park rather than along two sides?
Put these in order from least to greatest 6.4 kg 640 g 600,000 mg
what interaction between American Indians and European colonists was most important.? why?
How do u write 6 tenths in simplest form
What are some facts about Themistocles of Greece?   I know he was an Athenian general and politician. I have a project for history where I need to act JUST LIKE
On a map what do black dots usually represent?
how are continents and tectonic pates related
On a map what do black dots usually represent?
3n-5=-8(6+5n) SOLVE
a fossil form when an organism buried in sediment dissolves leaving a hollow area