Question
1. What is the number of years in a simple interest if the maturity value is 6000 dhs and original amount of 4000 dhs over
1. What is the number of years in a simple interest if the maturity value is 6000 dhs and original amount of 4000 dhs over 6.2%?
2. In a compound interest, what is the maturity value if the principal value is 3000 dhs over 8 years and compounded daily. Interest rate is 3.2%
Step by Step Solution
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Step: 1
1 To calculate the number of years in a simple interest scenario we can use the formula Interest ...
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Integrated Accounting
Authors: Dale A. Klooster, Warren Allen, Glenn Owen
8th edition
1285462726, 1285462721, 978-1285462721
