Ahmed borrowed OMR 500 at 11% for 2 years. Find the interest he will pay on the loan. How much will he pay to the bank at the end of the two years?
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Ahmed borrowed OMR 500 at 11% for 2 years. Find the interest he will pay on the loan. How much will he pay to the bank at the end of the two years?
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- Mr. Ghani wants to deposit his savings of Rs. 50,000 in a bank which offers 8% interest (compounded semi-annually) to withdraw Rs. 2,500 at the end of each six months from the date of deposit. How many withdrawals will he be able to make before the entire amount is exhausted?Engr. Tongol borrowed money from a loan shark. He receives from the loan shark an amount of P 134,200 and promise to repay P 150,000 at the end of 1 year and 9 months. What is the simple interest rate?Derek will deposit $1,169.00 per year into an account starting today and ending in year 5.00. The account that earns 7.00%. How much will be in the account 5.0 years from today?
- If Jackson deposits $120 at the end of each month in a savings account earning interest at a rate of 2%/year compounded monthly, how much will he have on deposit in his savings account at the end of 6 years, assuming he makes no withdrawals during that period? (Round your answer to the nearest cent.)Charles has just taken out a loan at an annual rate of 12%. Based on the conditions of the loan, he must make payments of $1,200 per year for 15 years in order to repay the full amount of the loan. How much money did Charles borrow? O $8.173.04 O $44,735.66 O $18,000.00 O $6,504.74Pablo wants to borrow PHP 1.7M from a bank and plans to repay the same amount in 8 years. If the bank charges 10% interest to be deducted in advance, what size of loan should Pablo apply for?