00:01
Hi, today we are solving the question in which we are given with a as 10 ,000, t as 5, r as 0 .065, and n is equals to 365 by 7, that means 52.
00:23
So here using the formula, a is equals to p into 1 plus r by n whole raised to the power n into t.
00:36
Substituting the values in this formula.
00:39
So 10 ,000 is equal to p into 1 plus 0 .067 divided by 52 raised to the power 52 into 5.
00:50
On solving it we get p as equals to dollar 7226 .74 so therefore required p as equals to dollar 7 ,226 .74.
01:09
Now let us take the second one.
01:12
So here in the second one we need to find out epy so for apy we just use use.
01:23
The formula here as 1 plus r by n raised to the power whole raise to the power n into t now substituting the values from above and solving so 1 plus 0 .065 divided by 52 whole raise to the power 52 into 5 so we get it as 1 .3837 so minus 1 so we'll get it as 0 .3837 so 3837...