A. Ahmed deposits 45,000 DHS into a savings account at Oryx Bank, which has a rate of 2.5%. Calculate the simple interest amount earned at the end of the first year. Ahmed earned DHS. B. Khalifa took out a simple interest loan for 25,000 DHS for two years at a rate of 6.75% to purchase a used car. Calculate the simple interest amount paid at the end of two years. Khalifa paid DHS.
A. Ahmed deposits 45,000 DHS into a savings account at Oryx Bank, which has a rate of 2.5%. Calculate the simple interest amount earned at the end of the first year. Ahmed earned DHS. B. Khalifa took out a simple interest loan for 25,000 DHS for two years at a rate of 6.75% to purchase a used car. Calculate the simple interest amount paid at the end of two years. Khalifa paid DHS.
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Transcribed Image Text:A. Ahmed deposits 45,000 DHS into a savings account at Oryx Bank, which
has a rate of 2.5%.
Calculate the simple interest amount earned at the end of the first year.
Ahmed earned
DHS.
B. Khalifa took out a simple interest loan for 25,000 DHS for two years at a
rate of 6.75% to purchase a used car.
Calculate the simple interest amount paid at the end of two years.
Khalifa paid
DHS.
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