Pranav4312
New member
- Joined
- Feb 3, 2017
- Messages
- 3
Shares in Ace Mining Company have been compounding at an average of 4% every six months. If the trend continues, what will shares to the value of $1500 be worth (to the nearest $10) in 2 years and 6 months.
I keep getting the answer $1660 while the answer is $1820 on the answer sheet.
My Working Out:
[FONT=MathJax_Main]1500[FONT=MathJax_Main]([/FONT][FONT=MathJax_Main]1 [/FONT][FONT=MathJax_Main]+ [/FONT][FONT=MathJax_Main]0.04/2[/FONT][FONT=MathJax_Main])to the power of [/FONT][FONT=MathJax_Main](2 x 2.5)[/FONT][/FONT]
Someone plz help
I keep getting the answer $1660 while the answer is $1820 on the answer sheet.
My Working Out:
[FONT=MathJax_Main]1500[FONT=MathJax_Main]([/FONT][FONT=MathJax_Main]1 [/FONT][FONT=MathJax_Main]+ [/FONT][FONT=MathJax_Main]0.04/2[/FONT][FONT=MathJax_Main])to the power of [/FONT][FONT=MathJax_Main](2 x 2.5)[/FONT][/FONT]
Someone plz help
Last edited:
