POV-Ray : Newsgroups : povray.off-topic : A puzzle : Re: A puzzle Server Time
6 Sep 2024 21:22:43 EDT (-0400)
  Re: A puzzle  
From: John VanSickle
Date: 23 Oct 2008 19:23:21
Message: <49010769@news.povray.org>
Invisible wrote:
> If something earns 10% compound interest in a year, how much interest 
> does it earn in half a year?
> 
> (Now if it were *simple interest*, it would be 5%. But I don't how what 
> it is for compound interest...)

If a 10% AY account is compounded at a sufficient frequency, it will 
earn about 4.88% in half of a year.

Regards,
John


Post a reply to this message

Copyright 2003-2023 Persistence of Vision Raytracer Pty. Ltd.