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
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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
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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