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An institution employed an amount of 300,000 dinars for a period of 8 years at an annual compound interest rate of 10% 1) Calculate the
An institution employed an amount of 300,000 dinars for a period of 8 years at an annual compound interest rate of 10% 1) Calculate the total amount at the end of the period 2) Calculate the value of the interest 3) Calculate the value of the interest for the fifth year only 4) If the amount of 300,000 dinars is withdrawn at the end of the fourth year and placed in Another bank with an interest rate of 4% six-monthly. Calculate what the institution collects after the end of the eight years for the informants
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