Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can i get answer as sson as possible ? its urgent thankyou wiruses. Unless you need to edit, it's safer to stay in Protected View.

can i get answer as sson as possible ? its urgent thankyou image text in transcribed
wiruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing .1.1.2.1:31:41: 56.179.10.11 12 13 14 15 16 17 . Compute the amount of interest for; 1. $3,900 at 6.18% p.a. (per annum) for 1 year. 2. $6,540 at 5.5% p.a. for 9 months. 3. $2,000 at 3% p.a. for 215 days. 4. $500 at 7.13% between January 20, 2016 and August 3, 2016* Leap year . 3. What is Compute Interest? How it's different from simple interest? 4. Calculate compound Interest of followings: A loan for $5000 with interest at 7.75% compounded semi- annually is repaid after 5 years, 10 months. What is the amount of interest paid? A deposit of $5,000 earns interest at 7% p.a. compounded quarterly for four years and five months. At that time, the interest rate changes to 6% p.a. compounded monthly. What is the value of the deposit three years after the change in the rate of interest

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Commercial Energy Auditing Reference Handbook

Authors: Steve Doty

2nd Edition

1439851972, 978-1439851975

More Books

Students also viewed these Accounting questions

Question

Explain the process of MBO

Answered: 1 week ago