BY USING YOUR STUDENT ID, please state 1-initial amount, 2-deposits per month and 3-number of interest periods and 4- interest rate permonth with respect to following rules: 1- Initial amount is the last 4-digits of your student ID (You are free to define the currency) 2- Deposits per month is the second 3-digits of your student ID (Assume the same currency with initial amount) 3- Numberof interest periods must be a two-digit number. It is stated by using the number in thousands and the number in the last digit of your student ID. 4- Monthly interestrate is the last digit of your student ID (If your student IDends with zero, please assume arbitrarily any positive value between 1-10)

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My student ıd :180204009

Suppose that you want to open a saving account in a private bank and deposits "some" equalamounts
permonth.
BY USING YOUR STUDENT ID, please state 1-initial amount, 2-deposits per month and 3-number of
interest periods and 4- interest rate permonth with respect to following rules:
1- Initial amount is the last 4-digits of your student ID (You are free to define the currency)
2- Deposits per month is the second 3-digits of your student ID (Assume the same currency with
initial amount)
3- Number of interest periods must be a two-digit number. It is stated by using the number in
thousands and the number in the last digit of your student ID.
4- Monthly interestrate is the last digit of your student ID (If your student IDends with zero,
please assume arbitrarily any positive value between 1-10)
For example, suppose that my student IDis 100203001
Then
1- My initial amount is the last 4-digits of my ID (100203001): 3001 TL
2- Deposits per month is the second 3-digits of my ID (100203001): 203 TL
3- Number of interest period is a 2-digit number.
• I need to use 3 (which is the number in thousands i.e.100203001)
• and 1 (which is the last digit i.e. 100203001)
Thus I arbitrarily state my Number of interest period as 31 months (13 is also ok!)
4- Interest rate is the last digit of my ID (100203001): =1% per month
Transcribed Image Text:Suppose that you want to open a saving account in a private bank and deposits "some" equalamounts permonth. BY USING YOUR STUDENT ID, please state 1-initial amount, 2-deposits per month and 3-number of interest periods and 4- interest rate permonth with respect to following rules: 1- Initial amount is the last 4-digits of your student ID (You are free to define the currency) 2- Deposits per month is the second 3-digits of your student ID (Assume the same currency with initial amount) 3- Number of interest periods must be a two-digit number. It is stated by using the number in thousands and the number in the last digit of your student ID. 4- Monthly interestrate is the last digit of your student ID (If your student IDends with zero, please assume arbitrarily any positive value between 1-10) For example, suppose that my student IDis 100203001 Then 1- My initial amount is the last 4-digits of my ID (100203001): 3001 TL 2- Deposits per month is the second 3-digits of my ID (100203001): 203 TL 3- Number of interest period is a 2-digit number. • I need to use 3 (which is the number in thousands i.e.100203001) • and 1 (which is the last digit i.e. 100203001) Thus I arbitrarily state my Number of interest period as 31 months (13 is also ok!) 4- Interest rate is the last digit of my ID (100203001): =1% per month
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