1 For each amount given below, calculate the amount of interest paid/earned: a 1500 USD, simple interest of 6%, paid annually for ten years. b 32000 GBP, simple interest of 1.25%, paid for eight years.

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Q: Round 0.000537 to two significant figures

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Q: how to change 2 1/2% into a decimal

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Q: calculate what $700 would grow to at 61/2% per compouned daily for 7 years

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A: We have to explain it is true or false that the periodic interest rate is always less than the…

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Q: Determine whether the following statement is true or false. Simple interest never earns more than…

A: Given The given statement is that the simple interest never earns more than compound interest.

Q: Compare the accumulated values at the end of 5 years if P100,000 is invested at the rate of 12% per…

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Q: What effective rate of interest per quarter year is equivalent to 12% per two years effective?

A: Given that The rate of interest is 12% per annum. Time is Quarterly Here we use the concept Let x be…

Q: How would I find annual percentage yield? How is this different from the annual interest rate?

A: FIND: Annual percentage yield

Q: effective interest rate per quarter

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Q: Describe the difference between simple interest and compound interest. As an investor earning…

A: Explanation: A simple interest is the interest that strictly on the principle amount while a…

Q: What is the relationship between the geometric average rate of return and compound interest?

A: The geometric average return formula (also known as geometric mean return) is a formula for…