Problem 43967. Compound interest - number e
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 commentsProblem Recent Solvers37
Suggested Problems
-
Back to basics 25 - Valid variable names
322 Solvers
-
304 Solvers
-
458 Solvers
-
Finding perimeter of a rectangle
449 Solvers
-
Create sequnce 1 4 9 16 25.........
307 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!