Problem 56095. Compound Interest : Future Value

• Created by Mehmet OZC
• Appears in 2 groups

×

By solving this problem, you will make progress in the following group(s)

Unit Conversion

• 10 Problems
• 618 Finishers

High School Challenge

• 50 Problems
• 98 Finishers

Like (1)

Difficulty:

(959)

Rate

• Solve Later   
• Add To GroupÂ

Theorem : Compound Interest

where,

• F : Future value at the end of n periods
• P : Present value
• r : Annual nominal rate
• n : Total number of compounding periods

Calculate F, given P, r and n. Round to the nearest cent.

Solve

Solution Stats

67.59% Correct | 32.41% Incorrect

• 108 Solutions
• 72 Solvers

Last Solution submitted on Mar 16, 2025

Last 200 Solutions

Solution Comments

ANNOUNCEMENT ×

Registration Now Open for MathWorks AUTOMOTIVE CONFERENCE 2025

Hello Community, We're excited to announce that registration is now open for the...

Problem Recent Solvers72

Suggested Problems

• pressure to dB?

  480 Solvers

• Evaluating a polynomial

  365 Solvers

• Counting down

  467 Solvers

• If-then-else

  371 Solvers

• Test Problem; Create a 5x5 array containing all ones

  389 Solvers

More from this Author92

• Happy Free Wednesday!

  41 Solvers

• Find the biggest digit in a matrix

  56 Solvers

• List all of the integer points in a bounded feasble region

  6 Solvers

• Find a real root of a quintic function

  26 Solvers

• Check if the input is a strong prime

  25 Solvers