The answer to the question and the process: an enterprise obtains a loan of 8, yuan, with a repayment period of 4 years, and the compound interest is calculated at the annual interest rate of 1%, and
The answer to the question and the process: an enterprise obtains a loan of 8, yuan, with a repayment period of 4 years, and the compound interest is calculated at the annual interest rate of 1%, and the following are calculated respectively.
the first
28, yuan
26, yuan
24, yuan
22, yuan
the second
8, yuan
8, yuan
88, yuan
.
8 * .1 * 1.1 4/(1.1 4-1)
= 25237.66 yuan
the fourth
8 * 1.1 4 = 117128 yuan.