SOLUTION: Find the accumulated amount A if the principal P = RM11,000 is invested at the interest rate of r = 5% per year for t = 5.5 years, compounded quarterly.
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Question 1182473: Find the accumulated amount A if the principal P = RM11,000 is invested at the interest rate of r = 5% per year for t = 5.5 years, compounded quarterly. Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! Find Amount
Principal P = 11000
Amount= A
years=t 5.50
compounded 4 times a year n
Rate = 5.00 0.05 0.0125
Amount = P*((n+r)/n)^n*t
