Question 6: Time: 15 minutes Total: 10 marks Rajvi invests $5,500 in...
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Finance
Question 6:
Time: 15 minutes
Total: 10 marks
- Rajvi invests $5,500 in an account that pays 5% simple interest. How much money will she have at the end of nine years. (5 marks)
B) Rajvi then goes on to invests $4,000 in an account that pays 6% simple interest. How much more could she have earned over an 8-year period if the interest had compounded annually? (5 marks)
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