Best Term Deposit Accounts .Does Anyone Has A Solved Problem Based On Term Deposit Account?
.Does anyone has a solved problem based on term deposit account? - best term deposit accounts
So I had to do a math project, and I had to do something account.Nothing term deposits, it was in my book on him very well in this wud if u could give give me a problem solved on the basis of deposit futures account so can I use in my project ...
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3 comments:
To see if it helps
If 2000 is an account of the average annual return of 8% as deposit will grow in 20 years?
i) simple interest
ii) compound interest (per year)
iii) compound interest (monthly)
i) SI
I = Interest PNR/100
Height and A = P + I
I = 2000 × 20 × 8 / 100 = 3200
A = 2000 + 3200 = 5200
ii) With an average annual
A = P (n 1 + r/100) ^
= 2000 (1 + 8 / 100) ^ 20
= 2000 (1.08) ^ 20
= 9321
iii) The annual interest
A = P (n 1 + r/100) ^
r = R/12 = 8 / 12 = 0.67 per month
n = N = 20 × 12 × 12 = 240 months
= 2000 (1 + 0.67/100) ^ 240
= 2000 (1.0067) ^ 240
= 9932
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To see if it helps
If 2000 is an account of the average annual return of 8% as deposit will grow in 20 years?
i) simple interest
ii) compound interest (per year)
iii) compound interest (monthly)
i) SI
I = Interest PNR/100
Height and A = P + I
I = 2000 × 20 × 8 / 100 = 3200
A = 2000 + 3200 = 5200
ii) With an average annual
A = P (n 1 + r/100) ^
= 2000 (1 + 8 / 100) ^ 20
= 2000 (1.08) ^ 20
= 9321
iii) The annual interest
A = P (n 1 + r/100) ^
r = R/12 = 8 / 12 = 0.67 per month
n = N = 20 × 12 × 12 = 240 months
= 2000 (1 + 0.67/100) ^ 240
= 2000 (1.0067) ^ 240
= 9932
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when we talk about something like a deposit in a bank in the long run would be something like your money on one account, which complicates 4.53% per year, what would you do if you put 10 years into account $ 15,732.89 ? How much would in 20 years.
15,732.89 (1.0453) ^ 10 = 24502.93 € for 10 years
15,732.89 (1.0453) ^ 20 = 38161.68 € for 20 years
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