Answered

Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Discover a wealth of knowledge from experts across different disciplines on our comprehensive Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

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?

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.