Question 849394: a man borrow 11000 Rupees and deposit in two times annually at rate of 20%. calculate compound interest ? Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! a man borrow 11000 Rupees and deposit in two times annually at rate of 20%. calculate compound interest ?
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A(t) = Ao(1+(r/n))^(nt)
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Note: You did not post a time period (years).
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Interest = A(t) - Ao
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Interest = 11000(1+0.20/2))^(2t) - 11000
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Cheers,
Stan H.
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