how much money

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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1. A saving account opened 13 months ago
now has a balance of 7500 RO. If the bank
pays 5% simple interest, how much money
was deposit?
2. At what annual rate of interest,
compounded monthly will money triple in 6
years?
Transcribed Image Text:1. A saving account opened 13 months ago now has a balance of 7500 RO. If the bank pays 5% simple interest, how much money was deposit? 2. At what annual rate of interest, compounded monthly will money triple in 6 years?
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