SOLUTION: 1: supposed the target to have Tsh 10000000 in your account by the end of five years,the interest on this paid at 10% per year, compound semi-annually.how much must be deposited in
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Question 1181975: 1: supposed the target to have Tsh 10000000 in your account by the end of five years,the interest on this paid at 10% per year, compound semi-annually.how much must be deposited in the account to day to reach this target.what would be the interest rate is compound annually Answer by ikleyn(52781) (Show Source):
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1: supposed the target to have Tsh 10000000 in your account by the end of five years, the interest on this paid at 10% per year,
compound semi-annually. how much must be deposited in the account to day to reach this target.
what would be the interest rate is compound annually
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I will answer the first question, ONLY.
The answer to the second question is in the text of the problem,
so it is UNCLEAR to me, for what reason it is included here . . .
You write the equation as you read the problem
10000000 =
10000000 =
10000000 =
X = = 3768894.83. ANSWER
Solved.
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If you need more explanations, or if you want to see many other similar and different solved problems,
look into the lesson
- Compounded interest percentage problems
in this site.
