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Posted: **Mon Jul 11, 2022 12:17 pm**

: A A Bank Deposit Paying Simple Interest At The Rate Of 5 5 Grew To 21000 In 6 Months Find The Principal B Find The 1 (19.65 KiB) Viewed 49 times

a) A bank deposit paying simple interest at the rate of 5.5% grew to $21000 in 6 months. Find the principal. b) Find the accumulated amount A if the principal amount was $3500 invested at 6.15% for 11 years compounded continuously. Solution: (a) (b)