Question 7 How much should I invest now into an account paying 4% p.a. compounded interest if I want the investment to have a value of K20 000 in 2 years, time? (2marks)

Solución

Solución

Principal : 18491.12

Pasos de solución

Translate the problem into an equation:

20000 = P (1 + \frac{0.04}{1})^{1 \cdot 2}

Resolver para

P, 20000 = P (1 + \frac{0.04}{1})^{1 \cdot 2} : P = 18491.12

Principal : 18491.12

Ejemplos populares

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