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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.

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Answers: 1

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1#find the balance on a deposit of $15,600 that earns 10% compounded semiannually for 3 years.
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