Question: Use simple interest and compound interest separately for each question 7. Determine the increased amount of capital, if its original amount is 1000 UAH, the

Use simple interest and compound interest separately for each question)

7. Determine the increased amount of capital, if its original amount is 1000 UAH, the complex interest rate is 5%, the accrual period is 3 years. Compare the result with the amount of increased amount, calculated using a rate of simple interest.

8. What amount should be invested in a bank at 7% per annum at a difficult interest rate for 3 years, to receive $ 2000 by the end of the specified period. USA?

9. What rate of complex interest was used in the calculations if the initial amount of capital is $ 3500. USA, increased amount of $ 5898. USA? Capital was invested for 5 years.

10. Determine the amount of contribution if capital in the amount of $ 2800. The US is invested for 3 years under 9% at a difficult rate. Interest is charged: a) 1 time per year b) monthly

11. Determine the increased amount of contribution if capital in the amount of $ 6800. The US is invested for 2 years at 7.5% at a difficult rate. Interest is charged: a) every six months b) quarterly

12. Contribution in the amount of 12000 UAH. Accepted at 16.3% for simple. What amount will the depositor receive in 9 months?

Step by Step Solution

3.31 Rating (148 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

7 To determine the increased amount of capital using compound interest we can use the formula A P 1 rnnt where A the increased amount of capital P the original amount of capital 1000 UAH r the interes... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!