If a bank gives an interest rate of 5% annually. What is the sum of money after 2 years if the difference between the compound interest compounded annually and the simple interest is Dhs 100 Dhs 10000 a. b. Dhs 30000 c. Dhs 40000 d. Dhs 20000 e. Dhs 50000

If a bank gives an interest rate of 5% annually. What is the sum of money after 2 years if the difference between the compound interest compounded annually and the simple interest is Dhs 100 Dhs 10000 a. b. Dhs 30000 c. Dhs 40000 d. Dhs 20000 e. Dhs 50000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If a bank gives an interest rate of 5% annually. What is the sum of money after 2 years if the difference between the compound interest
compounded annually and the simple interest is Dhs 100
Dhs 10000
a.
b. Dhs 30000
c. Dhs 40000
d. Dhs 20000
e. Dhs 50000

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