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Interest Rate-Engineering Economics-Quiz, Exercises of Microeconomics

Chitkara UniversityMicroeconomics

This quiz was taken in class of Engineering Economics course by Prof. Faiz Chavan at Chitkara University. It includes: Deposited, Account, Compounding, Continuous, Nominal, Interest, Rate, Engineering

Typology: Exercises

2011/2012

Uploaded on 07/23/2012

ashwini
ashwini 🇮🇳

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Quiz No 3 Section A
Total Marks: 10 Total time: 10 mins
Name:
Registration No:
Note: Be precise and logical.
Question: One thousand dollars is deposited in a bank that will pay a nominal interest rate
of 10% per year. How much will the account contain at the end of three years, if
compounding is continuous?
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Quiz No 3 Section A

Total Marks: 10 Total time: 10 mins Name: Registration No: Note: Be precise and logical. Question: One thousand dollars is deposited in a bank that will pay a nominal interest rate of 10% per year. How much will the account contain at the end of three years, ifcompounding is continuous?

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