1. A man deposited $4,000 in a bank at a rate of 12% per annum from January 10,1999 to November 18,1999. Find the exact simple interest. Group of answer choices P410.3014 210.3014 P310.3014 #510.3014 2. A man deposited $2,000 in a bank at a rate of 12% per annum from January 10,1999 to November 18,1999. Find the accumulated amount. Group of answer choices 2205 2105 2305 2255
1. A man deposited $4,000 in a bank at a rate of 12% per annum from January 10,1999 to November 18,1999. Find the exact simple interest. Group of answer choices P410.3014 210.3014 P310.3014 #510.3014 2. A man deposited $2,000 in a bank at a rate of 12% per annum from January 10,1999 to November 18,1999. Find the accumulated amount. Group of answer choices 2205 2105 2305 2255
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: The Basic Tools Of Finance
Section: Chapter Questions
Problem 1CQQ
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Question
![1. A man deposited $4,000 in a bank at a rate of 12% per annum from
January 10,1999 to November 18,1999. Find the exact simple interest.
Group of answer choices
$410.3014
210.3014
P310.3014
#510.3014
2. A man deposited $2,000 in a bank at a rate of 12% per annum from
January 10,1999 to November 18,1999. Find the accumulated amount.
Group of answer choices
2205
2105
2305
2255](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F29efff07-09aa-471c-903a-33f8c7e3a4dc%2F2f8c6b59-be1c-4462-8fb9-c82fa3f894fa%2F5phchls_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. A man deposited $4,000 in a bank at a rate of 12% per annum from
January 10,1999 to November 18,1999. Find the exact simple interest.
Group of answer choices
$410.3014
210.3014
P310.3014
#510.3014
2. A man deposited $2,000 in a bank at a rate of 12% per annum from
January 10,1999 to November 18,1999. Find the accumulated amount.
Group of answer choices
2205
2105
2305
2255
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