1#find the balance on a deposit of $15,600 that earns 10% compounded semiannually for 3 years.
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Mathematics, 31.01.2020 08:44 chiah
1#find the balance on a deposit of $15,600 that earns 10% compounded semiannually for 3 years.
a.$20,905
b.$4,680
c.$2,076
d.$3,636
2#find the balance on a deposit of $1,500 that earns 9% interest compounded annually for 3 years.
a.$1,905
b.$1,942
c.$1,953
d.$405
3#find the balance on a deposit of $900 that earns 8% simple interest for 3 months.
a.$918
b.$1,133
c.$216
d.$1,116
4#explain the difference between simple interest and compound interest.
Answers: 1
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