ow much money will you need to invest initially to have $750.00 in 10 years and 8 months if the money is compounded daily at an annual rate 2 1/2%

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03-08-2016
Mathematics

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ow much money will you need to invest initially to have $750.00 in 10 years and 8 months if the money is compounded daily at an annual rate 2 1/2%

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farintonurudeen farintonurudeen · Answer 1 · 2016-08-03T23:46:11+02:00

farintonurudeen farintonurudeen

03-08-2016

What're u asked to find, Simple interest? i guess it SI. let me try, not sure. Principal=750.00, Time= 10.8, Rate= 2.1/2%.
SI= PRT
100,
=750.OO x 2 x 10.8
100x1/2
= 16200
50
= 324
:; SI= 324.
NOT REALLY SURE, BUT I GUESS IT IS.

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