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Please Help Solve This Maths (compound Interest) by felsunseg(m): 12:32pm On Mar 18, 2015 |
a man invest 100 at the end of 2001, 200 at the end of 2002,300 at the end of 2003,400 at the end of 2004,500 at the end of 2005. If all interest accummulate at 5 percent par annum. What do his investment amount to at the end of 2006. |
Re: Please Help Solve This Maths (compound Interest) by NextProdigy(m): 12:34pm On Mar 18, 2015 |
1684.02 |
Re: Please Help Solve This Maths (compound Interest) by felsunseg(m): 12:55pm On Mar 18, 2015 |
NextProdigy:the steps pls and the answer @ d back of the txt book says 15,075.57 |
Re: Please Help Solve This Maths (compound Interest) by felsunseg(m): 6:51pm On Mar 18, 2015 |
NextProdigy:sorry bro i just confirmed that the answer is correct, bt i need the working steps |
Re: Please Help Solve This Maths (compound Interest) by NextProdigy(m): 10:50am On Mar 25, 2015 |
felsunseg: 2001 100 @5% = 105 2002 (105+200) 305 @5% = 320.25 2003 (320.25+300) 620.25 @5% = 651.2625 2004 (651.2625+400) 1051.2625 @ 5% = 1103.825625 2005 (1103.825625+500) 1603.825625 @5% = 1684.01690625 2006 1684.01690625 is approximately 1684.02 |
Re: Please Help Solve This Maths (compound Interest) by felsunseg(m): 10:58pm On Mar 27, 2015 |
NextProdigy:txs im really greatful |
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