Question 1 (a) A lecturer borrows £10,000 from a bank with an effective interest rate of 3.5% per annum. She pays back the loan after 5 years. How much does she pay back?
Question 1 (a) A lecturer borrows £10,000 from a bank with an effective interest rate of 3.5% per annum. She pays back the loan after 5 years. How much does she pay back?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Question 1
(a) A lecturer borrows £10,000 from a bank with an effective interest rate of 3.5% per
annum. She pays back the loan after 5 years. How much does she pay back?
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