Question: A loan for $5000 with interest at 7.75% compounded semi- annually is repaid after 5 years, 10 months. What is the amount of interest paid?

A loan for $5000 with interest at 7.75% compounded semi- annually is repaid after 5 years, 10 months. What is the amount of interest paid? A deposit of $5,000 earns interest at 7% p.a. compounded quarterly for four years and five months. At that time, the interest rate changes to 6% p.a, compounded monthly. What is the value of the deposit three years after the change in the rate of interest

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