najmayunis85 najmayunis85
  • 23-07-2022
  • Mathematics
contestada

Aperson invest 10,000 shillings for 40 months compounded monthly. Find the accumulated amount If the rate is 5% per annum.​

Respuesta :

redbudtree84 redbudtree84
  • 23-07-2022

hi

monthly interest rate is :     [tex]\sqrt[12]{1.05}[/tex]

So in forty month there will be  :  10 000 * ( [tex]\sqrt[12]{1.05}[/tex] )^40  ≈11 776,06

Answer Link

Otras preguntas

Calculate the potential energy of a 5 kg object sitting on a 3 m ledge
In general, the most materially advanced and developed countries are focused on extensive development of the _______ sector of their economy. A. quaternary B.
Which consist of sperm cells and egg cells?gametes tetrads diploids chromosomes
Ralph Jordan recently bought a new lawnmower for $228.00. If he had to pay 6% sales tax on the lawnmower, what was the total cost of the lawnmower?
A dime is 15 cents less than a
How do you put 15/60 in simplest form?
$1.12 for 8.2 ounces help as soon as possible
what do you call a type of adaptation that allows an organism to hide by blending into its surroundings
How did the french revolution highlight the differences between the federalists and the republicans?
a expression that shows how to multiply 7 times 256 using expanded form and the distributive property.