A sum of money is invested in compound interest at 15 per annum for three years If the investment mode was simple interest instead, what should have been the rate of interest to earn the same amount of interest in three years 1 15 2 16 25 3 17 36 4 18 08 5 20 A sum of money is invested in compound...

Solution 3 Let the rate of interest in case of simple interest ...

A sum of money is invested in compound interest at 15% per annum for three years....

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Calculus Early Transcendentals

ISBN: 978-0538497909

7th edition

Authors: James Stewart

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Posted Date: May 07, 2022 08:32 PM

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A sum of money is invested in compound interest at 15% per annum for three years....

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Calculus Early Transcendentals

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