Ask a New Question

Asked by Sandhya

$20000 amount to $ 24200 in two years under compound interest compounded annually
9 years ago

Answers

Answered by Reiny
2000(1+i)^2 = 24200
(1+i)^2 = 1.21
take √ of both sides, etc
9 years ago
There are no AI answers yet. The ability to request AI answers is coming soon!

Submit Your Answer


We prioritize human answers over AI answers.

If you are human, and you can answer this question, please submit your answer.

Related Questions

an amount of Rs.20000 is due in three months. the present value if it includes SI @8%is: an amount of rs 20000 is due in 3 months۔ the present value if it includes Simple interest rate 8per... A deposit mature to 24200 after 3yeras at simple interest of7 percent per annum what is the principa... The scale of the map is 1.20000 the road is 28 km apart from town to town how far apart will it be i... the scale of a map is 1:20000. Find the length of a road in real life it is 6 cm long on the map A car has a momentum of 20000 km m/s what will the cars new momentum be if it’s doubled by adding mo... The scale of map is 1:20000. Find the area on the map which represents 124km^2 Jon bought a car for 20000 and sold it for 30% profit. Then he bought another more expensive car and... an inheritance will be 20000. the interest rate for the the time value of money is 7%. How much is t... What mass can a 20000 watss engine pull at a speed of 30 m/s. If coefficient of friction is 0.15 bet...
Submit Your Answer

Question

$20000 amount to $ 24200 in two years under compound interest compounded annually

Ask a New Question
Archives Contact Us Privacy Policy Terms of Use