Calculate the amount of interest on an investment of aed

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Reference no: EM133401606

QUESTION 1

Calculate the amount of interest on an investment of AED 149956 at 8% simple interest for 7 years.

QUESTION 2

Muhammad takes out a loan of $ 2995, at 8% simple interest, for 9 years. How much will he pay back at the end of year 9?

QUESTION 3

If you deposit today 14491.52 in an account earning 8% compound interest, for how long should you invest the money in order to earn 18071.33 (profit)?

QUESTION 4

You will deposit 18743 at 10% simple interest rate for 9 years, and then move the amount you would receive to an investment account at 10 % compound rate for another 3 years. How much money would you have at the end of the entire period ?

Reference no: EM133401606

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