Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A person deposited an amount of 8000 dinars in a certain bank at a simple interest rate of t%, and after two years he withdrew
A person deposited an amount of 8000 dinars in a certain bank at a simple interest rate of t%, and after two years he withdrew this amount and interest and deposited all in another bank (t+2)%, and after 3 years the balance in the second bank became 130,560 dinars. Calculate the interest rate t *
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started