If $70000 is invested at 6% p.a. compounded monthly, find the compound interest after 8 months.
Please show the work out!!!!! Also explain please!!!! THANKS
some question about Maths
2008-09-18 3:31 am
回答 (1)
2008-09-18 3:56 am
✔ 最佳答案
Amount= 70000 x(1+ 6% x 1/12)< 8次方=72849.5 (corr to 6 sig fig).
compound interest= 72849.5 - 70000
= $2849.5
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