Question: answer is 18% ,need to know how (strictly without calculator or excel or any program) 5.000 TL invested for 6 years with compounded interest brings

answer is 18% ,need to know how (strictly without calculator or

answer is 18% ,need to know how (strictly without calculator or excel or any program)

5.000 TL invested for 6 years with compounded interest brings 3100 TL more than investing with simple interest. Find the interest rate. a-12% c- 20% b- 16% d- 18%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

5.000 TL invested for 6 years with compounded interest brings 3100 TL more than investing with simple interest. Find the interest rate. a- 12% c- 20% b- 16% d- 18% (i need to know how to calculate r )

Good Morning Dr.Ramsey Please assist me with my discussion this week ( min 150 words). Advanced Time Value of Money An advertised monthly lending rate of 0.9% is about 11% per year. This difference...

HellonDr.Ramsey Can you assist me with my discussion please, Min 150 words due Friday. Basic Time Value of Money It is a common fact that many lottery winners are ?broke? sooner than later. If you...

I need your help with this: Can you please quote from the attached chapters / resource if possible? Corporations often use different costs of capital for different operating divisions. Using an...

I am wondering if anyone has corrected solutions to fnce 300 assignments 1 2 and 3. I am concered about my answers and would love to compare. Pretty sure on my answers for 1 and 2 mainly interested...

Need help with these discussion postings (in a document) and assignments (all in separate files), all directions are included as well. FINANCE DIRECTIONS Need to provide 1 original post substantial...

28-Alice generated sales of $82,000, $80,000, $81,000, and $77,000 for the past three weeks. Using a four-week moving average what is the forecast sales for the coming week? Group of answer choices...

Can someone please help with these? We can answer 7 out of 10 (any 7) and please submit on excel or word. Thanks in advance for any help! B-10.01 Balance sheet presentation of property, plant, and...

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

You are going to receive $205,000 in 18 years. What is the difference in present value between using a discount rate of 12 percent versus 9 percent?

MacGyver Corporation manufactures a product called Miracle Goo, which comes in handy for just about anything. The thick tarry substance is sold in six- gallon drums. Two raw materials are used; these...

Questions 1 . For each of the listed costs, specify whether that cost would be expensed or capitalized. Explain your reasoning. ( 6 points ) 2 . If Bell Tower Brewing spends \ ( \ $ 3 0 , 0 0 0 \ )...

The risk that a loan will be repaid when interest rates fall below the loan contract rate is referred to as

e. What difficulties did they encounter?

1. Family Tree. Interview the oldest member of your family you can contact. Then answer the following questions:

2. How do these communication technologies change intercultural communication interaction?