Question: 1. 19 marks] Calculate the following unknown quantities, (a) p = 750. r=1%. Find S. (b) P = 1000, 1-*+100, n = 4. Find the
1. 19 marks] Calculate the following unknown quantities, (a) p = 750. r=1%. Find S. (b) P = 1000, 1-*+100, n = 4. Find the amount of interest (c) P = 500, 7 = 2%, S = 525. Find in (d) S = 4000, P = 3500, n = 16. Find 1 and days. Round up to the nearest day if it j if compounded quarterly is not a whole number 2. [4 marka) Consider 1% simple interest and 1% compounded semi-annually () In your own words, describe the difference between these two interest rates (b) After a 1-year period, what is the difference in the amount of interest gained for both situations if $100 is the principal amount? 1. 19 marks] Calculate the following unknown quantities, (a) p = 750. r=1%. Find S. (b) P = 1000, 1-*+100, n = 4. Find the amount of interest (c) P = 500, 7 = 2%, S = 525. Find in (d) S = 4000, P = 3500, n = 16. Find 1 and days. Round up to the nearest day if it j if compounded quarterly is not a whole number 2. [4 marka) Consider 1% simple interest and 1% compounded semi-annually () In your own words, describe the difference between these two interest rates (b) After a 1-year period, what is the difference in the amount of interest gained for both situations if $100 is the principal amount
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