1. Paul deposits a sum of money in a bank at a simple interest rate of 5% p.a. how much should Paul deposit if he wants to receive an amount of $10 500 after the following period of time?
(a) 4 months
(b) 100 days
(Give your answers correct to the nearest dollar and take 1 year = 365 days )
Simple interest
2012-11-23 2:14 am
回答 (1)
2012-11-23 6:56 am
✔ 最佳答案
1.(a)
P = ?
R% = 5%
A = $10500
n = 4/12
A = P(1 + n x R%)
$10500 = P[1 + (4/12) x 5%]
Principal, P = $10328 (to the nearest dollars)
=====
(b)
(a)
P = ?
R% = 5%
A = $10500
n = 100/365
A = P(1 + n x R%)
$10500 = P[1 + (100/365) x 5%]
Principal, P = $10358 (to the nearest dollars)
參考: 不用客氣
收錄日期: 2021-04-13 19:07:45
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