ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If the balance at the end of eight years on an investment of $630 that has been invested at a rate of 9%, how much was the interest?
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$453.60
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$523.75
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$633.55
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$357.50
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Explanation:
Detailed explanation-1: -$453.60 If the balance at the end of eight years on an investment of $630 that has been invested at a rate of 9% is $1, 083.60, how much was the interest? 2. $405.00 If you borrow $675 for six years at an interest rate of 10%, how much interest will you pay?
Detailed explanation-2: -The end balance of an 8 year investment of $230 at a rate of 3% is $285.20.
Detailed explanation-3: -$9.32 How much interest does a $14.57 investment earn at 8% over eight years? 3. $1.49 How much interest is earned on $7.44 at 5% for four years? 4.
Detailed explanation-4: -Answer: y=3600. hope it will help you too.
There is 1 question to complete.