F.1 problems about simple interest

2008-05-06 11:20 pm
Monica deposits $150000 at the bank of the interest rate of 6.5% p.a.At the same time,this bank lends$150000to Charles at an interest rate of 8.75%p.a.

a find the simple interest that
i)Monica will get afer 1 year
ii)Charles will pay after 1 year

b suppose the bank lend to Charles the money that it receives from Monica's deposit(i.e$150000),and the operation cost for the bank is $1500 per year.Find the profit of the bank in such a transaction after a year

回答 (1)

2008-05-06 11:29 pm
✔ 最佳答案
a1)Monica will get after 1 year
150,000 *0.065 + 150, 000 = 159,750
a2)Charles will pay after 1 year
150,000*0.0875 =163,125


B) 163,125-159,750 -1,500 =1975


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