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1. $7,500 invested for a period of 2 years and at 6% compounded yearly. Calculate a. The total amount accumulated at the end of the two years b. The interest gathered after the 2 years

1. $7,500 invested for a period of 2 years and at 6% compounded yearly. Calculate a. The total amount accumulated at the end of the two years b. The interest gathered after the 2 years

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Answer All questions 1. $ 7,500 invested for a period of 2 years and at 6% compounded yearly. Calculate a. The total amount accumulated at the end of the two years b. The interest gathered after the 2 years 3427 2. In how many years will a sum of $ 1,00,000 amount to $ 1,33,100 at the compound interest rate of 10% per annum? 3. A sum of money is to be shared among three friends Paul, Mark and Anna in the ratio 2: 3: 5 respectively. If Paul received $ 48,000. Determine 45005 ro a. Anna's Share 24 000 b. Mark's share. c. The total sum
Transcribed Image Text:Answer All questions 1. $ 7,500 invested for a period of 2 years and at 6% compounded yearly. Calculate a. The total amount accumulated at the end of the two years b. The interest gathered after the 2 years 3427 2. In how many years will a sum of $ 1,00,000 amount to $ 1,33,100 at the compound interest rate of 10% per annum? 3. A sum of money is to be shared among three friends Paul, Mark and Anna in the ratio 2: 3: 5 respectively. If Paul received $ 48,000. Determine 45005 ro a. Anna's Share 24 000 b. Mark's share. c. The total sum
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