A moneylender wants to receive his annual interest of 12% more frequently.
If he receives his interest rate every six months, he will receive 6% each time (12%/2).
He wants to know how much will he win during a year if he received his interest every year (n=1), every six months (n=2), every month (n=12), every week (n=52), every day (n=365) and every second (n=31536000). These will be the test cases.
Solution Stats
Problem Comments
Solution Comments
Show comments
Loading...
Problem Recent Solvers43
Suggested Problems
-
320 Solvers
-
Set the array elements whose value is 13 to 0
1458 Solvers
-
Simple equation: Annual salary
4271 Solvers
-
Rounding off numbers to n decimals
5814 Solvers
-
Given a square and a circle, please decide whether the square covers more area.
1904 Solvers
More from this Author9
Problem Tags
Community Treasure Hunt
Find the treasures in MATLAB Central and discover how the community can help you!
Start Hunting!