A sum of money invested at a simple interest rate accumulates to $4590 after 6 months and
Question:
A sum of money invested at a simple interest rate accumulates to $4590 after 6 months and to $4725 after 15 months. Calculate the simple interest rate per annum and the amount invested.
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Vikash Gupta
I am graduated in Physics in 2018, from KIRORIMAL COLLEGE, University of Delhi. Now I am persuing Master's degree in physics. I like to do physics problems. I have experience of 1 year in tutoring. I think Physics is the only subject where you understand things,how they are happening . In physics you learn Maths and apply it. So I would like to join your platform to solve many Physics problems.
5+ Reviews
10+ Question Solved
Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
Question Posted:
