Ask a New Question

Question

Find the principal when the amount in the account is 11,000 and rate of interest is 3.45 percent compounded interest is quarterly for 2.5 years.
10 years ago

Answers

Steve
P(1+0.0345/4)^(4*2.5) = 11000
P = 10094.75
10 years ago

Related Questions

Find the principal in Donna's account at the end of the second quarter if she invested $300 at 7% an... find the principal that yield a compoun interest of Rs.1632 in 2 years at 4% rate of interest per an... Find the principal using Bankers Rule if interest of RM100 was received at 3.5% simple interest rate... Find the Amount if Principal is ₹ 5000 and Simple interest is ₹ 1000 Find the principal which will yeild simple interest of 55.50 naira for 1whole number 1/2 years at th... Hence find the principal which earns an interest of #29 7950 in 7years at a rate of 5% per annum Find the principal sort of 81:sqrt81 Find the principal root of 100:sqrt100 Find the principal which amounts to $72800 at simple interest in 4 years at 3% per annum Question Find the principal square root of 100: 100−−−√ .(1 point)
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use