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8:08 Search Marked out of 30.00 P Flag question myportal.aum.edu.kw LTE Time left 0:51:01 (30 points) Mr. Ahmad's parent
Posted: Sun Jul 03, 2022 1:06 pm
by answerhappygod
- 8 08 Search Marked Out Of 30 00 P Flag Question Myportal Aum Edu Kw Lte Time Left 0 51 01 30 Points Mr Ahmad S Parent 1 (34.12 KiB) Viewed 10 times
8:08 Search Marked out of 30.00 P Flag
question myportal.aum.edu.kw LTE Time left 0:51:01 (30 points) Mr. Ahmad's parents deposit KD 127 at the end of each year into his account for the next 12 years. What would be the amount of money accumulated in his account 12 years later, if the bank interest is 9% yearly? a. (10 pts.) Write down your formulation to calculate the accumulated amount below: b. (10 pts.) What is the value of the accumulated amount? c. (10 pts.) If the bank increases the interest rate, how will the amount of deposit change to accumulate the same amount of money? Write an optional reasoning for your answer: