Mathematics, 14.04.2021 04:40, jenniferkane408

2. A sum of money was deposited on 2 January 2007 in an investment fund which offered 10% simple interest. On 30 June 2007, 12499 was withdrawn from the
fund. Find the initial deposit using Banker's rule.(11906.96)

3. Four years ago, X was invested at a simple interest rate of 5% per annum.
Today 2540 is withdrawn and the balance in the account is 2600. Calculate
the value of X.(4283.33)

Answers: 2

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2. A sum of money was deposited on 2 January 2007 in an investment fund which offered 10% simple in...