Ql: you put $2500 in account bank , this bank gives interest 6.5% for the first 3 months of saving, in the next 6 moth the banks raise the interest to 8% and the interest become 9.5% for the next 365 days. Find the total amount in this account after the total period of saving if compound interest and simple interest.

Ql: you put $2500 in account bank , this bank gives interest 6.5% for the first 3 months of saving, in the next 6 moth the banks raise the interest to 8% and the interest become 9.5% for the next 365 days. Find the total amount in this account after the total period of saving if compound interest and simple interest.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...

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