1)
Ann deposits $150000 in Hang Fung Bank at an interest rate of 6.5% p.a.At the same time,this bank lends $150000 to Charles at an interest rate of 8.75% p.a.
(a)Find the simple interest that
(i)Ann will get after 1 year
(ii)Charles will pay after 1 year
(b)Suppose the bank lends to Charles the money that it receives from Ann's deposit,and the operation cost for the bank is $1500 per year.Find the profit of the bank in such a transaction after a year.
simple interest give steps thx
2006-11-11 2:44 am
回答 (3)
2006-11-11 2:52 am
✔ 最佳答案
1ai 150000 x (6.5%)=$9750
1aii 150000 x (8.75%)
=$13125
1b 13125-9750-1500
=$1875
2006-11-11 5:41 am
1(a)(i)the simple interest thatAnn will get after 1 year
=$150000 X 6.5% X 1
=$9750
(ii)the simple interest thatCharles will pay after 1 year
=$150000 X 8.75% X 1
=$13125
(b)the profit of the bank in such a transaction after a year
=$13125 - $9750 -$1500
=$1875
=$150000 X 6.5% X 1
=$9750
(ii)the simple interest thatCharles will pay after 1 year
=$150000 X 8.75% X 1
=$13125
(b)the profit of the bank in such a transaction after a year
=$13125 - $9750 -$1500
=$1875
2006-11-11 3:15 am
1ai)The simple interest that Ann will get after 1 year
=150000 x (6.5%)
=$9750
1aii)The simple interest that Charles will pay after 1year
=150000 x (8.75%)
=$13125
1b The profit of the bank
=13125-9750-1500
=$1875
=150000 x (6.5%)
=$9750
1aii)The simple interest that Charles will pay after 1year
=150000 x (8.75%)
=$13125
1b The profit of the bank
=13125-9750-1500
=$1875
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