Question: 1. Find the simple interest and the final value. If the principle is BD 2100 and interest rate 9% and the length of loan 850

1. Find the simple interest and the final value. If the principle is BD 2100 and interest rate 9% and the length of loan 850 months.

2. On May 11, Ali joined a gulf club. His bank will automatically deduct BD 120 from his checking account at the end of each month, and deposit it into his gulf club account, where it will earn 8% annual interest. The account comes to term on October 7. Find the following:

a. Find the future value of Alis gulf club account. ( 3 Marks )

b. Find Alis total contribution to the account. (1 Mark)

c. Find the total interest earned on the account. (1 Mark)

3. How long will it take BD 900 to accumulate to BD 1900 if the interest is at 4% compounded semi- annually?

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