Ask Singapore Homework?
Upload a photo of a Singapore homework and someone will email you the solution for free.
Question
secondary 3 | E Maths
One Answer Below
Anyone can contribute an answer, even non-tutors.
Do help me out!! I’m stuck
Date Posted: 5 years ago
Views: 242
4.2 percent per annum = 1.05 percent per quarter
We need to use this figure as the compounding frequency is 4 times per year. So r = 1.05/100.
There are a total of 4 compounding periods in 1 year since the compounding frequency is 4 times per year. So n = 4.
Initial sum is P. Final sum is P + 96.60.
We need to use this figure as the compounding frequency is 4 times per year. So r = 1.05/100.
There are a total of 4 compounding periods in 1 year since the compounding frequency is 4 times per year. So n = 4.
Initial sum is P. Final sum is P + 96.60.
So, P + 96.60 = P times (1 + 1.05/100)^4
We need to solve a linear equation involving P.
We need to solve a linear equation involving P.
See 1 Answer
360 Tutoring Program