A person deposits an amount of 500 dinars on the tenth day of each month of the year 2020, and if the interest rate on the deposit is 1% annually, find out the amount of interest due to this person at the end of the year?
A person deposits an amount of 500 dinars on the tenth day of each month of the year 2020, and if the interest rate on the deposit is 1% annually, find out the amount of interest due to this person at the end of the year?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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A person deposits an amount of 500 dinars on the tenth day of each month of the year 2020, and if the interest rate on the deposit is 1% annually, find out the amount of interest due to this person at the end of the year?
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