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Popolare Word Problems >

What is the compound amount on a loan of ₱50,000 at 6% for 6 years compounded semi-annually?

Soluzione

Wha t i s t h e co m p o u n d am o u n t o n a l o an o f ₱50, 000 a t 6% f or 6 ye a rs co m p o u n d e d se mi - ann u a ll y ?

Soluzione

Amount : 71288.04

Fasi della soluzione

Translate the problem into an equation:

A = 50000 (1 + \frac{0.06}{2})^{2 \cdot 6}

50000 (1 + \frac{0.06}{2})^{2 \cdot 6} = 71288.04434 \dots

Arrotondare all' hundredth più vicino:

71288.04

Amount : 71288.04

Esempi popolari

ASUM OF RS 12000 amounts to rupees 17500 in 6 years at the a compound interest compounded half yearly.what is the rate of interest what is the compound of 15900 at 5.5 percent interest compound annually for 2 years how long will it take 2000 to earn php 400 if the interest is 12 prcent compounded semi annually Calculate how much would have had to be invested to have 8190.93 after three years if the investment paid a rate of 3.15% compounded weekly.what is the present value of5000 pesos due in 8 years if the money is worth 12% compounded semiannually