+0  
 
0
573
2
avatar

4500(1+.0060/5)^1+5

 Mar 7, 2015

Best Answer 

 #2
avatar+118723 
+5

4500(1+.0060/5)^1+5

 

I think it was intended as a compound interest question and I think that this is what you want

 

$${\mathtt{4\,500}}{\mathtt{\,\times\,}}{\left({\mathtt{1}}{\mathtt{\,\small\textbf+\,}}{\frac{{\mathtt{0.006}}}{{\mathtt{5}}}}\right)}^{\left({\mathtt{1}}{\mathtt{\,\times\,}}{\mathtt{5}}\right)} = {\mathtt{4\,527.064\: \!877\: \!806\: \!667\: \!197\: \!4}}$$

 

This would be the answer if you invest $4500 at 0.6% p.a. compounded 5 times a year (that's weird)

It would grow to $4527.06 in one year. 

 Mar 7, 2015
 #1
avatar
0

This looks like you have a simple interest question.

I would recommend that you re-submit your question with some words describing the question. Otherwise there are too many ways your equation can be interpreted.

 Mar 7, 2015
 #2
avatar+118723 
+5
Best Answer

4500(1+.0060/5)^1+5

 

I think it was intended as a compound interest question and I think that this is what you want

 

$${\mathtt{4\,500}}{\mathtt{\,\times\,}}{\left({\mathtt{1}}{\mathtt{\,\small\textbf+\,}}{\frac{{\mathtt{0.006}}}{{\mathtt{5}}}}\right)}^{\left({\mathtt{1}}{\mathtt{\,\times\,}}{\mathtt{5}}\right)} = {\mathtt{4\,527.064\: \!877\: \!806\: \!667\: \!197\: \!4}}$$

 

This would be the answer if you invest $4500 at 0.6% p.a. compounded 5 times a year (that's weird)

It would grow to $4527.06 in one year. 

Melody Mar 7, 2015

4 Online Users