Perjury is considered a serious offense as it can be used to usurp the power of the courts, resulting in miscarriages of justice. In the United States, for example, the general perjury statute under Federal law classifies perjury as a felony and provides for a prison sentence of up to five years.
Effective interest rate for t periods, i t = (1 + i) t - 1 or as one equation i t = (1 + (r / m)) mt - 1. The rate per compounding period P = R / m, in percent.
The applicable approximate formula is C â10,000*(1/10 + (2/3) 0.15) =10,000*(0.1+0.1) =10,000*0.2 =$2000 pa by mental arithmetic alone. The true answer is $1993, very close. The overall approximation is accurate to within Â±6% (for all nâ¥1) for interest rates 0â¤ iâ¤0.20 and within Â±10% for interest rates 0.20â¤iâ¤0.40.