2006-12-02 17:12:58 · 8 answers · asked by ALOK G 1 in Science & Mathematics ➔ Mathematics
compound quarterly- formula :-
A=P(1+r/m*100)^n*m
m=4
P=5000
r=9
A=5000(1+9/400)^5.25*4
=5000(1+0.0225)^21
=5000(1.59562)
=7978.1
2006-12-03 16:23:48 · answer #1 · answered by arpita 5 · 1⤊ 0⤋
To get the formula we'll start out with interest compounded n times per year:
FVn = P(1 + r/n)Yn
where P is the starting principal and FV is the future value after Y years.
2006-12-03 01:19:23 · answer #2 · answered by Anonymous · 0⤊ 1⤋
interest =9% p.a.
quarterly interest=9/4
2.25%
n=5*4+3
=23 quarters
A=P(1+r/100)^n
=5000(1.0225)^23
2006-12-03 08:01:15 · answer #3 · answered by raj 7 · 0⤊ 1⤋
5000*1.595621 - 5000 = 2978.10
2006-12-05 04:10:18 · answer #4 · answered by Anonymous · 0⤊ 0⤋
How are you getting 9%? That is amazing...or maybe usa just sucks for interest...who knows
2006-12-03 01:22:45 · answer #5 · answered by Nick V 2 · 0⤊ 1⤋
a=p(1+r/100)^n
5000(1+9/100)^21
2006-12-03 08:18:35 · answer #6 · answered by The Prince of Egypt 5 · 0⤊ 1⤋
The answer is 7,802.55
2006-12-03 01:27:05 · answer #7 · answered by Phantasy 2 · 0⤊ 1⤋
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2006-12-03 01:59:57 · answer #8 · answered by sonali 2 · 0⤊ 1⤋