document.write( "Question 540883: Sim invests $9000 at 2% per annum compound interest compounded yearly. What is his amount at the end of third day? \r
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Algebra.Com's Answer #852302 by ikleyn(52847)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "Sim invests $9000 at 2% per annum compound interest compounded yearly. \n" ); document.write( "What is his amount at the end of third day? \n" ); document.write( "~~~~~~~~~~~~~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The amount at the end of the third day will remain the same $9000, as it was \n" ); document.write( "at the first day.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "This amount will be changed at the end of the year, ONLY, \n" ); document.write( "since the compounding is made only at the end of the year, according to the problem.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "This problem is an elementary trap to check if a reader \n" ); document.write( "does understand the meaning of the terms that he/she reads.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |