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Find compound interest on Rs800 for 3 years at an interest 8 percent compounded semiannually for three years Find the compound inte?
800 x (1.04)6 ie Rs1012.26
How does compound interest work?
AnswerCompound interest works like this.Take a principle (The amount of money you deposit) of $10,000.Lets say that the interest rate is 8% and that it compounds anually.At the end of one year you would have $10,800.With simple interest, at the end of two years, you would have $11,600 because you only earn interst on the principle.After three years you would have $12,400.However, with compound interest, you will earn interest on not just the principle, but the compounded interest as well.Therefore, with compound interest, at the end of two years, you would have 11,664.After three years it would be $12,597.12 and so on.
Is twenty-three a compound word?
Yes, twenty-three is a compound word.
You deposit 5 per month in a bank that offers compound interest at a rate of 5 for four years. At the end of three years your balance is?
It is 202.48 units of currency.
What are the three ways compound words can be formed?
what are the ways in forming compound words
How many variables are fundamental to all compound interest problems?
Three variables are fundamental to all compound interest problems: principal amount (initial investment), interest rate, and time period. These variables are used to calculate the compound interest accrued on an investment over time.
Find compound interest on Rs800 for 3 years at an interest 8 percent compounded semiannually for three years Find the compound inte?
800 x (1.04)6 ie Rs1012.26
How does compound interest work?
AnswerCompound interest works like this.Take a principle (The amount of money you deposit) of $10,000.Lets say that the interest rate is 8% and that it compounds anually.At the end of one year you would have $10,800.With simple interest, at the end of two years, you would have $11,600 because you only earn interst on the principle.After three years you would have $12,400.However, with compound interest, you will earn interest on not just the principle, but the compounded interest as well.Therefore, with compound interest, at the end of two years, you would have 11,664.After three years it would be $12,597.12 and so on.
What is the rate of interest if a certain sum of money at compound interest becomes Rs. 7396 in two years and Rs 7950.7 in three years. find the rate of interest?
The difference between 2 years and 3 years is another addition of the interest. 7396 × (1 + rate/100) = 7950.7 → rate = (7950.7/7396 - 1) × 100 = 7.5 % compounded per year.
When does the conclusion of the Disciplinary Committee of the Pharmacy and Poisons Board of Hong Kong become effective?
It usually immediately becomes effective for the sake of public interest. In other cases, it becomes effectively on the date specified which should be after the deadline for lodging an appeal. The date on which it becomes effective should be on or at most three months later that the date of the direction. If an appeal gets lodged, the date when the appeal finally gets determined is when the conclusion becomes effective.
How does a iron atom become a ferric ion?
When iron loses three electrons it becomes ferric (Fe3+) ion
What is three percent a year on one hundred and ten thousand?
3% is the same as 0.03 and 0.03*110,000 = 3,300 in one year If it is simple interest, it will be 3300 every year. If it is compound interest, the 2nd years interest will be based on starting amount with first years interest added to it, and so on
What does the fraction become if the numerator and denominator of a fraction are both decreased by three?
The fraction becomes smaller: provided the denominator was positive.
Is twenty-three a compound word?
Yes, twenty-three is a compound word.
Is Sr3N2 an ionic or covalent compound?
Sr3N2 is an ionic compound. It is composed of strontium (Sr) and nitrogen (N) ions, where strontium loses three electrons to become a 3+ cation and nitrogen gains two electrons to become a 2- anion, resulting in an ionic bond.
You deposit 5 per month in a bank that offers compound interest at a rate of 5 for four years. At the end of three years your balance is?
It is 202.48 units of currency.
How do you make three word compound nouns plural?
Normally, the first word in a three word hyphenated compound noun is the main noun. For example for commander-in-chief, the 'in-chief' is the description or title of the commander; as for mother-in-law, the 'in-law' is the description or title of the person.When making a three word hyphenated compound, the main noun is pluralized:commanders-in-chiefmothers-in-lawports-of-callbirds of preyjack-in-the-boxes (uh-oh, an exception?)When you have compound nouns, you also have to think about which part of the word has multiplied:newspaperman, newspapermenairline pilot, airline pilotsmanhole cover, manhole coversthird-grade teacher, third-grade teachers
