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What would be the compound interest on an amount of \$17500 at a rate of 12% per annum after 2 years?

解答

What would be the compound interest on an amount of $17500 at a rate of 12% per annum after 2 years?

解答

Principal : 13950.89

求解步骤

Translate the problem into an equation:

17500 = P (1 + \frac{0.12}{1})^{1 \cdot 2}

求解

P, 17500 = P (1 + \frac{0.12}{1})^{1 \cdot 2} : P = 13950.89

Principal : 13950.89

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