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Find the compound amount and interest if 25,000 is invested for 1 year at the rate of 11.5% compounded: Annually Semi-annually Find the compound amount if 15,000 is invested for 1 year at the rate of 11.5% compounded Annually Semi-annually Quarterly Note: use the long method and formula method.

Find the compound amount and interest if 25,000 is invested for 1 year at the rate of 11.5% compounded: Annually Semi-annually Find the compound amount if 15,000 is invested for 1 year at the rate of 11.5% compounded Annually Semi-annually Quarterly Note: use the long method and formula method.

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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Find the compound amount and interest if 25,000 is invested for 1 year at the rate of 11.5% compounded: Annually Semi-annually Find the compound amount if 15,000 is invested for 1 year at the rate of 11.5% compounded Annually Semi-annually Quarterly Note: use the long method and formula method.
Transcribed Image Text:Find the compound amount and interest if 25,000 is invested for 1 year at the rate of 11.5% compounded: Annually Semi-annually Find the compound amount if 15,000 is invested for 1 year at the rate of 11.5% compounded Annually Semi-annually Quarterly Note: use the long method and formula method.
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