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Basic Math Examples
P=13000(1+5%2)6
Step 1
Step 1.1
Convert 5% to a decimal.
P=13000(1+0.052)6
Step 1.2
Divide 0.05 by 2.
P=13000(1+0.025)6
P=13000(1+0.025)6
Step 2
Step 2.1
Add 1 and 0.025.
P=13000⋅1.0256
Step 2.2
Raise 1.025 to the power of 6.
P=13000⋅1.15969341
Step 2.3
Multiply 13000 by 1.15969341.
P=15076.01443676
P=15076.01443676