Question: given a building its initial value is 2000000 sr at...
Question details
Given a building its initial value is 2,000,000 SR at the first
5 years simple interest rate is = 10 % and at the second 5 years
compound interest rate is = 8 %.
1) Find the future value of this building after: A) 7 years old,
and B)10 years old.
2) If the future value of this building after 10 years is 4,000,000
SR find its initial value now. 3) If the initial value is 2,000,000
SR and future value of this building is 5,000,000 SR find total
years old of this building.
Solution by an expert tutor
