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A. Ahmed deposits 50,000 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 1250 DHS. B. Khalifa took out a simple interest loan for 18,000 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 50,000 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 1250 DHS. B. Khalifa took out a simple interest loan for 18,000 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.

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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A. Ahmed deposits 50,000 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 1250 DHS. B. Khalifa took out a simple interest loan for 18,000 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.
Transcribed Image Text:A. Ahmed deposits 50,000 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 1250 DHS. B. Khalifa took out a simple interest loan for 18,000 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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