moemab2000 moemab2000

23-01-2024
Mathematics

Answered

Omar deposits $2000 into an account that pays simple interest at an annual rate of 3%. He does not make any more deposits. He makes no withdrawls until the end of 6 years when he withdraws all the money.

(a) How much total interest will Omar earn?

(b) What will the total amount in the account ne (including interest)?

Answer :

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