Kareem deposited3000SAR in one year in a savings account to buy furniture. In the second year, he
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Kareem deposited 3000 SAR in one year in a savings account to buy furniture. In the second year, he deposited another 4000 SAR, In the third year, he deposited another 2000 SAR. Assume a 3 percent interest rate. How much money will he have in total in all these three years?
Salman invests 6000 SAR every year in mutual funds for the next 6 years, which pay 8% interest. How much money will he have in total at the end of the six-year period?
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
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