How long will it take for an investment to double at simple interest rate of 2.60% p.a.? years months Samantha invested $7,300 into a 8-month term deposit at a rate of 4.2% p.a. After 8 months, she invested the entire maturity value from the first term deposit into a new 4-month term deposit at a rate of 6.2% p.a. What is the total amount of interest that Samantha earned? Leah borrowed $10,500 at an interest rate of 0.80% p.m. for 9 months. Calculate the maturity value of the loan at the end of the period.

How long will it take for an investment to double at simple interest rate of 2.60% p.a.? years months Samantha invested $7,300 into a 8-month term deposit at a rate of 4.2% p.a. After 8 months, she invested the entire maturity value from the first term deposit into a new 4-month term deposit at a rate of 6.2% p.a. What is the total amount of interest that Samantha earned? Leah borrowed $10,500 at an interest rate of 0.80% p.m. for 9 months. Calculate the maturity value of the loan at the end of the period.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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