what is the rate of this if the simple interest is 4860 and principal is 36000 and the time is 1.5

Guest Feb 8, 2022

#1**+1 **

The formula for compound interest is \(A = P(1 + {r\over n})^{nt}\), where A is the end goal amount, P is the principal, r is the interest rate, n is the number of times applied, and t is the time.

So plugging in the values:

\(A = 36000(1 + 4860)^{1.5}\)

Well, I have to admit, but you'll get a lot of money. A = 12200873726 (what that's like $12.2b)

proyaop Feb 8, 2022