F.3 Maths一問

2007-02-20 2:53 am
1.A man invests $1600 at 10% simple interest per tear.At the end of 2 years he takes out $800.How much money he left in the bank?
個人計法:1600x(1+0.1)2-800=1136[書既答案係1120,我錯乜??]

回答 (3)

2007-02-20 2:59 am
✔ 最佳答案
因為是simple interest rate.

Simple interest = principal * interest rate * time

所以interest = 1600 * 10% * 2 = $320

2年後結餘=1600+320-800=$1120

如果問題是compound interest compounded yearly, 你的答案$1136才是對的。

Compound interest = principal * (1+interest rate) ^ time - principal
2年後結餘=1600*(1+10%)^2-800=$1136
2007-02-20 3:01 am
this should be 1600 ( 1+0.1*2)-800=1120
final amount = principal + principal*interest rate*period - withdrawal
so final amount = principal (1+interest rate*period) - withdrawal
(1+0.1)2 <---- this part is wrong
2007-02-20 3:00 am
You are wrong because the duration (2 years) should be multiplying the interest rate NOT (1+interest rate). The correct calculation is:

1600 X (1 + 0.1 X 2) - 800

Principle X (1 + Rate X Duration) = Total principle plus interest in simple interest terms


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