MTH146W21-001
anshika mall
An investment of 83984 74 carns interest at 3.6% per annum compounded monthly for 2 years At that time the interest rate is changed to 1% compounded quarterly. How much will the accumulated value
be 15 years after the change?
The accumulated value is $ 4379.007312
(Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as neede
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Answer: A) 4 years
Explanation:
Time = (100 x 81) / (450 x 4.5) = 4 years.
Subject: Simple Interest - Quantitative Aptitude - Arithmetic Ability
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