Find the accumulated amount at the end of 6 months on an $400 deposit in the bank paying simple interest at the rate of 3% year. O a. The accumulated amount is $406. O b. The accumulated amount is $413. Oc. The accumulated amount is $418. O d. The accumulated amount is $411. O e. The accumulated amount is $416.
Find the accumulated amount at the end of 6 months on an $400 deposit in the bank paying simple interest at the rate of 3% year. O a. The accumulated amount is $406. O b. The accumulated amount is $413. Oc. The accumulated amount is $418. O d. The accumulated amount is $411. O e. The accumulated amount is $416.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:the accumulated amount is $280.
O b. The simple mterest is $105,
the accumulated amount is $255.
Oc The smple interest is $100,
the accumulated amount is $300.
Od. The simple mterest is $95,
the accumulated amount is $265.
QUESTION 3
Find the accumulated amount at the end of 6 months on an $400 deposit in the bank paying simple interest at the rate of 3% year.
O a. The accumulated amount is $406.
O b. The accumulated amount is $413.
Oc. The accumulated amount is $418.
O d. The accumulated amount is $411.
O e. The accumulated amount is $416.
QUESTION 4
Carlos mvested $7,000 in a money market mutual fund that pav: mterest on a daily basis. The balance in his aecount at the end of 8 mo (2
which Carlos's account earned interest over this period (assume a 365-day year).
Oa. 6.18 %.
Ob.6.389%6.
O9.34%.
00.9.24%.
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