Vishal deposited $ 1,00,000 in his bank for2 years at SI rate of 6%. What will be the final value of the investment?


Q2. A sum of $ 46,875 was lent out at SI and at the end of 1year 8 months, the total amount was $50,000. Find the rate percent per annum.


Q4. Find the maturity value of an interest-bearing promissory note that matures in 160 days. The face value of the note is $1560, and the stated interest rate is 7%.
 

Q6. What is the due date of a $1300, five-month note with interest at 7% dated February 3, 2017?

Q7. A 91-day Canada T-bill with a face value of $10 000 yields an annual rate of return of 3.15%. If the T-bill was issued on March 1, 2017, what is the maturity date?

Answer rating: 100% (QA)

Q1 To calculate the final value of the investment after 2 years at a simple interest rate of 6 on 10... View the full answer