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標題:

compound interest

發問:

how to calculate the compound interest and amount of there are pinciple $500, interest rate(p.a.) 4% and time is 2 years ?? Please lists out the steps clearly.

 

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最佳解答:

Amount = 500(1+4%/12)^2*12 = 500(1+1/300)^24 = 500(301/300)^24 = 541.57147957953216774295979769939 = $541.5715 Compound interest = 541.5715 - 500 = $41.5715

其他解答:481517FD598DAD6B
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