At the beginning of every year, Mr Chan deposits $1000 in VTC Bank at an interest rate of 5% p.a. compounded yearly. Find the total amount accumulated at the end of the third years.
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請問條數點計
2008-10-21 9:20 am
回答 (1)
2008-10-21 9:59 am
✔ 最佳答案
Total amount accumuated
= $1000(1+5%)3 + $1000(1+5%)2 + $1000(1+5%)
= $3310.125
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Explanation:
A = P(1+R%)n
At the beginning of the first year, $1000 is deposited.
P = $1000
R = 5
n = 3
A = $1000(1+5%)3
At the beginning of the second year, $1000 is deposited.
P = $1000
R = 5
n = 2
A = $1000(1+5%)2
At the beginning of the third year, $1000 is deposited.
P = $1000
R = 5
n = 1
A = $1000(1+5%)
=
收錄日期: 2021-04-23 23:08:27
原文連結 [永久失效]:
https://hk.answers.yahoo.com/question/index?qid=20081021000051KK00123