document.write( "Question 1160175: find the compound interest for 96000 for 3 years at 10% per annual \n" ); document.write( "
Algebra.Com's Answer #783384 by mananth(16949) You can put this solution on YOUR website! \n" ); document.write( "Find Amount \n" ); document.write( "Principal P = 96000 \n" ); document.write( "Amount= A \n" ); document.write( "years=n 3.00 \n" ); document.write( "compounded 1 times a year t \n" ); document.write( "Rate = 10.00 0.1 \n" ); document.write( "Amount = P*((n+r)/n)^n*t \n" ); document.write( " \n" ); document.write( "Amount = = 96000 *( 1 + 0.1 )^ 1 * 3.00 \n" ); document.write( "Amount = 96000 *( 1 + 0.1 )^ 3 \n" ); document.write( " 96000 *( 1.1 )^ 3.00 \n" ); document.write( "Amount = 127776.00 \n" ); document.write( " \n" ); document.write( "Interest = 127776 - 96000 = $31,776 \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |