1- A person deposits 200.00 riyals at the end of each month for a year in a bank,and it has been found that the total of what he is entitled to at the end of theyear is 2510.00 riyals. What is the interest rate?2- A person deposited 900.00 riyals first every two months for a whole year,then began depositing 400.00 riyals at the beginning of each Two months foranother year. If the interest rate is 15%, what is his balance at the end of theperiod?3- In the first of every two months, a person deposits a certain amount. If it isfound that the total of what he is entitled to at the end of the year is EGP3,920, and if the annual interest rate is 12%, what is the value of the equalpayment ?4- Find a sentence of a semi-annual payment with a periodic value of 300.00riyals, and it is paid for two years and with simple interest at a rate of 5%annually if the payments are: (a) regular, (b) immediate5- A person deposited 500.00 riyals in a bank at the beginning and middle ofeach month for a period of one year, described on the basis of a simpleleader rate of 4% annually. Find a total of this person in the bank at the endof this period ?6- Abbad saves a certain amount at the beginning of each month in a savingsfund at an annual interest rate of 12%. If it is known that the balance of thisperson at the end of a year and a half is 3,800.00 riyals, it is required to findthe amount of the payment?

A person deposits 200.00 riyals at the end of each month for a year in a bank, and it has been found that the total of what he is entitled to at the end of the year is 2510.00 riyals. What is the interest rate?

A person deposits 200.00 riyals at the end of each month for a year in a bank, and it has been found that the total of what he is entitled to at the end of the year is 2510.00 riyals. What is the interest rate?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

1- A person deposits 200.00 riyals at the end of each month for a year in a bank,
and it has been found that the total of what he is entitled to at the end of the
year is 2510.00 riyals. What is the interest rate?
2- A person deposited 900.00 riyals first every two months for a whole year,
then began depositing 400.00 riyals at the beginning of each Two months for
another year. If the interest rate is 15%, what is his balance at the end of the
period?
3- In the first of every two months, a person deposits a certain amount. If it is
found that the total of what he is entitled to at the end of the year is EGP
3,920, and if the annual interest rate is 12%, what is the value of the equal
payment ?
4- Find a sentence of a semi-annual payment with a periodic value of 300.00
riyals, and it is paid for two years and with simple interest at a rate of 5%
annually if the payments are: (a) regular, (b) immediate
5- A person deposited 500.00 riyals in a bank at the beginning and middle of
each month for a period of one year, described on the basis of a simple
leader rate of 4% annually. Find a total of this person in the bank at the end
of this period ?
6- Abbad saves a certain amount at the beginning of each month in a savings
fund at an annual interest rate of 12%. If it is known that the balance of this
person at the end of a year and a half is 3,800.00 riyals, it is required to find
the amount of the payment?

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