3 years ago

FINANCE

Mathematics

1 answer:

Zanzabum3 years ago

5 0

Answer:

Step-by-step explanation:

Simple interest rate = 1000(1+11x4) = 4500

= 4500-1000=3500

Comppound interest rate = 100%+10%=110%/100%=1.1%

1000X(1.1)^4=1464.10

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