A deposit of RM 1 , 5 0 0 is made into a fund on March 1

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Question:

A deposit of RM

1, 500

is made into a fund on March

18 .

The fund earns simple interest at

5 % .

On August

5,

the interest rate changes to

4.5 % .

How much is in the fund on October

23 ?

Related Book For answer-question

Introduction to Management Science

ISBN: 978-0132751919

11th Edition

Authors: Bernard W. Taylor

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Posted Date: Apr 30, 2024 08:31 AM

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A deposit of RM 1 , 5 0 0 is made into a fund on March 1

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Expert Answer:

To calculate the amount in the fund on October 23 we need to conside... View the full answer

Introduction to Management Science

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