Use simple interest and compound interest separately for each question 1. Determine the increased amount of the
Question:
(Use simple interest and compound interest separately for each question)
1. Determine the increased amount of the contribution that the depositor will receive at the end of the term, if he placed a deposit of UAH 50 thousand. for 4 years under 25% per annum.
2. Determine the amount to be deposited in the bank at 18% per annum so that in 2 years the increase amounting amounted to UAH 75 thousand.
3. How many years should capital invest in the amount of 60 thousand UAH. At 20% per annum, for the original amount to increase by UAH 35 thousand?
4. Determine the increased amount of debt received by the depositor, invested 7 thousand UAH. under 12% per annum, after 6 months.
5. Contribution in the amount of UAH 3,5 thousand. Adopted on March 1 under 16% per annum. What amount will the depositor receive on September 16 of that year?
6. How many years should capital be invested at 22% per annum so that the original amount increases 3.5 times?
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill