.Three years ago,an amount of RM3,000 was deposited in a savings account that paid interest at 4.5% compounded quarterly. Today,another RM1,500 is deposited into the account. Find the accumulated amount at the end of eight years from the initial deposit.(RM6167.50)
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- Find the accumulated amount of P 1000 after 5 years when deposited in a bank at a rate of 16% compounded monthlyA savings account earns 2.5% interest. If $3000 is invested, How many years is it until each of the following amounts is on deposit? (a) $3394 (b) $3655 (c) $4035 (d) $5165 ?3. Imran opened a savings account which offers an interest rate of 8% compounded quarterly with an initial deposit of RM2000. One and half years later, he deposited RM3000 into the same account. Find the amount accumulated two and a half years after the initial deposit. (RM5685.29)
- P1,500.00 was deposited in a bank account, 20 years ago. Today it is worth P3,000.00. Interest is paid semi-annually. Determine the interest rate paid on this account.A man deposited P5,000 in a bank at a rate of 10% per annum for 7months and 25days. Find the ordinary simple interest and accumulated amount. O P326.39 O P336.39 P346.39 P356.3915. At the beginning of each of 7 years $500 was deposited on the account. At the end of each year during the next 11 years S700 was deposited. How much will be in the account after the last deposit, if the interest rate is 7%?
- Calculate the future worth of 20 annual $4,000 deposits in a savings accountthat earns 8% compounded monthly. Assume all deposits are made at thebeginning of each year.(a) $196,010(b) $J88,196(c) $190,162(cl) $199.2793. Imran opened a savings account which offers an interest rate of 8% compounded quarterly with an initial deposit of RM2000. One and half years later, he deposited RM3000 into the same account.(No use excel) Find the amount accumulated two and a half years after the initial deposit. (RM5685.29)2) Suppose that you had deposited $125 in a bank account for each of the last 5 years. What annual interest rate is attached to this account if there is now (at the end of the fifth year) $758.92 in the account? A) 8% B) 10% C) 12% D) 14% E) 16%
- 3. Three years ago,Johnson deposited RM6,700 into an account that paid an interest rate of 6% compounded quarterly. Calculate the interest earned.（RM1314.64)5. A deposit of $2450 is made into an account drawing 4.26% interest compounded quarterly. Find the future value 14 years after the deposit and find the amount of compound interest earned.Five years ago, $12, 000 was deposited into a savings account that provides an interest of 6.5% compounded annually. If a uniform amount of $3,000 was withdrawn yearly starting at the end of the first year after the initial deposit was made, how much money can still be withdrawn now?