Question: Hi, would you please help me how to solve the questions below? I will use it as my guide to answer the other questions. Thank
Hi, would you please help me how to solve the questions below? I will use it as my guide to answer the other questions. Thank you.
1. How much capital did you deposit, 27 weeks ago at 2.6% interest, to collect $9,729.60 (maturity) today?
2. For how many months do you have to keep $4,500.00 in a term deposit at 1.0% interest to collect, at maturity, $4,518.75
3. What is the interest if you collect $6,527.00 after 4 months on a $6,420 deposit ?
4. On May 1 you have deposit $5,850. How much money, including capital and interest, will you collect on June 10? The interest is 1.825%.
5. You collect $4,224.00 on a term deposit after 32 weeks. How much money did you deposit? The interest was 3.9%.
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