ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Find the principal that will amount to $7, 300 in four years at 5.8% compounded annually.
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$7, 160.56
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$5, 791.74
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$5, 826.13
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$5, 798.16
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Explanation:
Detailed explanation-1: -3200 Hence principal =Rs. 3200.
Detailed explanation-2: -4000 will amount to Rs. 5324 at 10% per annum in 3 years. Was this answer helpful?
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