Question

Potential investment are offering return of 8% per period. Given an initial investment of $2500 how much cash would be available at the end of four periods?​

Answer 1

Answer:

Principle=$2500

Time=4yrs

Rate=8℅

Now,

$i = \frac{p \times t \times r}{100}$

$= \frac{2500 \times 4 \times 8}{100}$

$= 800$

At the end of four periods $800 would be available

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