Mathematics of Finance

Practice Questions

Finite Mathematics › Mathematics of Finance

Questions
4
1

What is the total interest made after 4 years on a simple interest loan that accumulates 13% each year and has original amount was $1350.

2

What is the total interest made after 4 years on a simple interest loan that accumulates 13% each year and has original amount was $1350.

3

Money is deposited in a bank account at 7% interest per year, compounded bimonthly. If no money is deposited into or withdrawn from the account, then how long will it take for the money to double?

4

Money is deposited in a bank account at 7% interest per year, compounded bimonthly. If no money is deposited into or withdrawn from the account, then how long will it take for the money to double?

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