Interest

Calculate how much you earn for 10 years 43000 deposit if the interest rate is 1.3% and the interest period is a quarter.

Result

x =  29085.2

Solution:

x=43000⋅(1+1.3100)4⋅10−43000=29085.2x = 43000\cdot (1+ \dfrac{ 1.3}{ 100})^{ 4 \cdot 10} - 43000 = 29085.2

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