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Suppose in Singapore fixed deposit is calculated based on simple interest. Nicholas deposits $2000 in a bank fixed deposit for 6 months at an
Suppose in Singapore fixed deposit is calculated based on simple interest. Nicholas deposits $2000 in a bank fixed deposit for 6 months at an interest rate of 13.25% per annum. How much interest will he earn? If Nicholas reinvests the $2000, plus the interest earned for a further 6 months again at 13.25% per annum, how much interest will he earn in this second 6-month period
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Interest earned for first 6 months on 2000 2000 01325 612 1325 Amount 20001325 21325 i...
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
