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Can it be solved without using excel and scientific calculator (Only simple calculator may be used)?

<p>(1.0931) Power of (1/12)</p> <p> </p> <p>Means:-</p> <p>(1.0931)^(1/12)</p>

Accounting Microsoft Excel Cost Accounting Financial Accounting Mathematics
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Question added by Mohammad Ali , Accounts Officer ( Contract) , Bharat Pumps & Compressors Ltd Naini Allahabad
Date Posted: 2014/10/28
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Mohammad Ali
by Mohammad Ali , Accounts Officer ( Contract) , Bharat Pumps & Compressors Ltd Naini Allahabad

Step1 : press √ till comes3 zero from decimal place and count nos of times. Step2: less1 and divide by12 then add1 again. Step3: press multiple 'X' and '=' for those nos of time which you counted above. In this case '√ '7 times and don't press extra button

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

=(1+.0931)^1/12=1+.0931/12 ( to first approximation)

=1+-00776=1.00776

 

Haseeb Anjum
by Haseeb Anjum , Teacher , British Overseas School

1.0931 and square root it6 times (u hav sqaure root on the simple calculator right> i.e ^1/2 ?

 

If u dont have square root, you can also solve it using Logs (if u hav log tables)

 

or lastly, if nothing else, u can use iteration (basically trial and error)..

 

try1.1*1.1*1.1.... (12 times).. then1.2 ... if close, u can go to1.15 etc

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