EconomicsAhmed deposits in Alex Bank $25000 for 30month at 8% per year, how much money will beowed at the end of period?(Tabulated the result)An engineering firm wants to invest 230000 L.E bydeposit it in Cairo bank for 24 month at 2/3% permonth.a. The future amount.b. Total interest simple interest.

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Ahmed deposits in Alex Bank $25000 for 30 month at 8% per year, how much money will be owed at the end of period?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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Question

Economics
Ahmed deposits in Alex Bank $25000 for 30
month at 8% per year, how much money will be
owed at the end of period?
(Tabulated the result)
An engineering firm wants to invest 230000 L.E by
deposit it in Cairo bank for 24 month at 2/3% per
month.
a. The future amount.
b. Total interest simple interest.

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