\n Q1-Molly invested $600 in her savings account for a period of six months. If saving account was offering her\u00a0simple interest rate of 2.20% p.m.\n <\/p>\n
\n Calculate:\n <\/p>\n
\n a. The maturity of her investment?\n <\/p>\n
\n b. The interest she earned at the end of the time period ?\n <\/p>\n
\n Q2-Samantha loaned\u00a0$300,000\u00a0to a small business at\u00a08.25%\u00a0compounded semi-annually for\u00a03\u00a0year and\u00a04\u00a0months.\n <\/p>\n
\n a. How much would the business have to repay Samantha at the end of the period?\n <\/p>\n
\n b. How much interest did Samantha earn from this investment?\n <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Q1-Molly invested $600 in her savings account for a period of six months. If saving account was offering her\u00a0simple interest rate of 2.20% p.m. Calculate: a. The maturity of her investment? b. The interest she earned at the end of the time period ? Q2-Samantha loaned\u00a0$300,000\u00a0to a small business at\u00a08.25%\u00a0compounded semi-annually for\u00a03\u00a0year and\u00a04\u00a0months. a. How […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/228390"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=228390"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/228390\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=228390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=228390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=228390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}