It's an identical problem to this one: https://www.mpgh.net/forum/270-homewo...al-growth.html
SO NEED HALP ON THIS ONE
It's an identical problem to this one: https://www.mpgh.net/forum/270-homewo...al-growth.html
I'm Alen on Steam. RIP Skype Friday nights.
I'm Navi's lover 💖
Dave84311: God I've always wanted to eat crayons, with their vibrant colors. Only if they had taste.
Mr. Lonely: @Alen I like making you wet, it makes me hard.
Might as well do the rest of the quiz for me-.-
---------- Post added at 09:23 PM ---------- Previous post was at 08:59 PM ----------
YEP, NO ANSWER FUCKMYLIFE.
Last edited by koshinator; 04-18-2012 at 08:09 PM.
A = the money you're trying to find. If the question asks how much money after X years, then you know you're trying to find for A.
P = principal amount. The amount of money you're starting out with. You are given $500 for P = 500.
R = interest rate. It's always in decimal. You are given 5% so it'll be 5/100 = .05
n = number of times compounded per year. It says annually so it'll be 1. If it said every 2 years, it'd be 2.
t = number of years deposited/borrowed. It says 10.
A=500(1+(.05/1))^1*10
1) divide .05/1 and then add 1.
2) 1.05^10
3) 500*1.62889463
4) $814.45. <<<< Answer
Delko DJ (05-28-2012),koshinator (04-18-2012)
Any on this?
the last one!
Last edited by koshinator; 04-18-2012 at 09:39 PM.
Seriously, if you can't learn to substitute a couple of values into an expression, I have no clue why you're doing this. If you intend to keep making new threads and asking us to solve your stuff, you might as well do it in the spam section. I have nothing against explaining it to you, but hell, can you at least try to solve it yourself first?
I'm Alen on Steam. RIP Skype Friday nights.
I'm Navi's lover 💖
Dave84311: God I've always wanted to eat crayons, with their vibrant colors. Only if they had taste.
Mr. Lonely: @Alen I like making you wet, it makes me hard.
davidpox (04-22-2012)