Mathematics, 30.11.2021 17:40 lannor6586
A man placed $11500 in a fixed deposit for 3 years at 8% per annum.
a]Calculate the total amount received at the end of the period under compound interest.
b]Determine the total amount received at the end of the period under simple interest.
c]State the difference in the amount received.
Answers: 3
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A man placed $11500 in a fixed deposit for 3 years at 8% per annum.
a]Calculate the total amount r...
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