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Name: Sanjeev Nehru A/L Jawahar Nehru ID: 16001174 Quiz 1: P 20 000 Last 8 Years RM106698.52

This document contains the details of a student named Sanjeev Nehru including their ID number, along with calculations to solve a compound interest problem over 10 years using a formula. The calculations show determining the principal amount after the last 8 years was RM106698.52, and the principal amount for the first 2 years was RM88180.60.

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Sanjeev Nehru
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42 views1 page

Name: Sanjeev Nehru A/L Jawahar Nehru ID: 16001174 Quiz 1: P 20 000 Last 8 Years RM106698.52

This document contains the details of a student named Sanjeev Nehru including their ID number, along with calculations to solve a compound interest problem over 10 years using a formula. The calculations show determining the principal amount after the last 8 years was RM106698.52, and the principal amount for the first 2 years was RM88180.60.

Uploaded by

Sanjeev Nehru
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Name: Sanjeev Nehru A/L Jawahar Nehru

ID: 16001174

Quiz 1

(1+𝑖)𝑁 −1
𝑃=𝐴[ ]
𝑖(1+𝑖)𝑁

(1+0.1)8 −1
P3-10 = 20 000 [ ]→ Last 8 years
𝑖(1+0.1)8

= RM106698.52

(1+𝑖)𝑁 −1
𝑃= [ ]
𝑖(1+𝑖)𝑁

1
P0 = ( P3-10) [ ] → First 2 Years
(1+𝑖)𝑁
= RM106698.52 (0.8264)
=RM88180.60

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