\( \definecolor{colordef}{RGB}{249,49,84} \definecolor{colorprop}{RGB}{18,102,241} \)
Courses
Login
Register
\(\dollar 3\,000\) is placed in an account that earns \(20 \pourcent\) interest per annum (p.a.), and the interest is allowed to compound over three years. This means the account is earning \(20 \pourcent\) p.a. in compound interest.
Fill the compound interest table (
calculatrice
!
e
\(\pi\)
(
)
%
AC
sin
cos
tan
7
8
9
/
\(\sin^{-1}\)
\(\cos^{-1}\)
\(\tan^{-1}\)
4
5
6
*
\(x^2\)
\(\sqrt{\phantom{2}}\)
x
y
1
2
3
-
ln
exp
log
0
.
=
+
).
Year
Amount
Compound interest
0
\(\dollar 3\,000\)
\(20 \pourcent\) of \(\dollar 3\,000 = \dollar 600\)
1
\(\dollar 3\,000 + \dollar 600 = \dollar 3\,600\)
\(20 \pourcent\) of \(\dollar 3\,600 = \dollar 720\)
2
\(\dollar\)
7
8
9
4
5
6
1
2
3
C
0
.
7
8
9
4
5
6
1
2
3
C
0
.
3
\(\dollar\)
7
8
9
4
5
6
1
2
3
C
0
.
Find the amount at 3 years.
7
8
9
4
5
6
1
2
3
C
0
.
dollars
Exit