Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Saad had a compound amount of BD 14000 in a bank that gives of 5% at the end of 10 years . Find the

image text in transcribed

4. Saad had a compound amount of BD 14000 in a bank that gives of 5% at the end of 10 years . Find the Principle. * (3 Points) 4809.785 8594.785 3119.390 O 9000.192 5. if we have compound interest given.. we use : * (2 Points) O p= c.i/(1+i)n-1 p= c.a/(1+i) n

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Futures and Options Markets

Authors: John C. Hull

8th edition

978-1292155036, 1292155035, 132993341, 978-0132993340

More Books

Students also viewed these Finance questions