Answered

Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Get quick and reliable solutions to your questions from a community of seasoned experts on our user-friendly platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Mr. Wong deposits $2000000 in a bank, and he will receive a simple interest of $400000 after 2 years. Afterwards, the amount obtained will be deposited in another bank at the same annual interest rate, but the interest will be compound half-yearly. How much will he receive after 2 more years?

Sagot :

yiyieight

Answer:

£600

Step-by-step explanation:

You borrow $4,500 for six months at a simple interest rate of 8%. How much is the interest?

John borrows $2400 for 3 years at 9% simple interest. How much will he owe at the end of 3 years?

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.