[BC Maths Ch.8 P.16 06Q11]
Find the interest correct to the nearest dollar if a sum of $14000 is deposited at an interest rate of 4% per annum for 5 years, compounded yearly.
A question on compound interest [BCMathsCh8P16
2007-11-23 11:14 pm
回答 (1)
2007-11-24 2:53 am
✔ 最佳答案
amount=14000*(1+4%)^5
=17033.14063
interest
=amount-principal
=17033.14063-14000
=3033 (correct to the nearest dollar )
收錄日期: 2021-04-25 16:53:59
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