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Compute the amount in the account after ten months

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Reference no: EM132639769

Problem 1: Hamid invests $8,560 at 4 percent simple interest in a bank. Find the amount in the account after 10months.

Donald saves $15,000 on 20 March2019 in an account that offer r % simple interest per year. If the exact simple interest earned on 8 June 2019 is $80.00.

Problem 2: Find the exact time of the investment.

Problem 3: Find the value of r using exact time.

Problem 4: Find the bank discount using exact time and ordinary interest.

Problem 5: Find the proceeds using ordinaryinterest.

Reference no: EM132639769

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