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
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
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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Question
![EXERCISES: Fill in the correct values. Show your solutions.
Interest (P) Balance (P)
45,025.65
413,122.25
Principal (P)
Term
semi-annually
daily
annually
monthly
ENRICHMENT: Suppose that you want to deposit your P 65,000 in an
account for 5 years. Bank A offers an 8% simple interest rate while
Bank B offers also an 8% interest rate, but compounded annually. In
which bank do you think you can earn more? Justify your answer by
9%
6 years
10%
120 months
8.5 years
273,050.67 8.6%
34,564.54 12.3%
59,783.595
years
showing your calculations.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F52046dd7-a85c-48bb-ab8e-a26789ba0dba%2F6434fff0-42a9-4550-be86-76d4da82b71f%2Fczoj7zu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:EXERCISES: Fill in the correct values. Show your solutions.
Interest (P) Balance (P)
45,025.65
413,122.25
Principal (P)
Term
semi-annually
daily
annually
monthly
ENRICHMENT: Suppose that you want to deposit your P 65,000 in an
account for 5 years. Bank A offers an 8% simple interest rate while
Bank B offers also an 8% interest rate, but compounded annually. In
which bank do you think you can earn more? Justify your answer by
9%
6 years
10%
120 months
8.5 years
273,050.67 8.6%
34,564.54 12.3%
59,783.595
years
showing your calculations.
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