t = days
P = $
P = $
I = $
Account balance = $
Amounted invested = $
P = 3587, A = 3677.81
> I = 90.81
> 90.81 = 3587*.02*t
> t = 1.26 years
Or, 462 days.
Formula for CI, A = P*(1+r/n)nt
> P = 67000/(1+9.69%/4)1/4
> = 65,415.31
Present Value of Annuity = P*(1-(1+r)-n)
r
> 80,000*((1-(1+0.2)-15/0.2)
> = 374,037.81
Formula for CI, A = P*(1+r/n)nt
On 27th 2022, A = 4,000*(1+6%/4) 4*3 = 4782.47
On 27th 2022, A = 4,000*(1+6%/4) 4*6 = 5718.01
> Interest between the two period = 935.54
Compound interest of 14.5% in terms of SI is equal to (1+.145/12) 12 – 1 or 15.5%.
Formula for P = EMI/( I x ((1 + r) n)/ (t x ((1 + r) n)- 1))
> = 850/((15.5%*(1+1.292%)120 )/((12*(1+1.292%)120 )-1))
= 64,616.57
A = 10,000 = P*(1+r*t) = P(1+(6.1%*1/12))
> P = 9949.42
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