Question 1 | (Solution) |
An amount of $2,535.00 is deposited in a bank paying an annual interest rate of 5.3 % compounded quarterly. Find the balance after 3 years. |
Question 2 | (Solution) |
An amount of $3,750.00 is deposited in a bank paying an annual interest rate of 4 % compounded monthly. Find the balance after 3 years and 2 months. |
Question 3 | (Solution) |
An amount of $3000.00 is deposited in a
bank paying an annual interest rate of 5 % compounded
daily. (a) Find the balance after 4 years. (b) Find the interest gained in 4 years. |
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