Multiple Choice
What is the future value of $12 000 on deposit for four years at 7.00% per annum simple interest?
A) $3360.00
B) $12 336.00
C) $15 360.00
D) $15 729.55
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: What is the current price of an
Q2: The main difference between an annuity and
Q3: A company invests its surplus funds by
Q4: If compounding of interest occurs more often
Q5: When a company issues a commercial bill
Q7: A bank bill with a face value
Q8: An $8000 bank deposit earning compound interest
Q9: What is the simple annualised interest rate
Q10: Calculate the effective annual interest rate if
Q11: The term 'simple',with regard to interest,refers to