EXERCISES: Fill in the correct values. Show your solutions.Interest (P) Balance (P)45,025.65413,122.25Principal (P)Termsemi-annuallydailyannuallymonthlyENRICHMENT: Suppose that you want to deposit your P 65,000 in anaccount for 5 years. Bank A offers an 8% simple interest rate whileBank B offers also an 8% interest rate, but compounded annually. Inwhich bank do you think you can earn more? Justify your answer by9%6 years10%120 months8.5 years273,050.67 8.6%34,564.54 12.3%59,783.595yearsshowing your calculations.

Since you have posted a multiple question according to guildlines I will solve first question…

Answered: EXERCISES: Fill in the correct values.…

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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EXERCISES: Fill in the correct values. Show your solutions. m Principal (P) Term Interest (P) r 9% 6 years semi-annually Balance (P) 45,025.65 412 122.25