In: Accounting
1-Some money was held at a 10-month interest rate with a 15%
interest rate. If this money was kept at an interest rate of 340
days with an interest rate of 18%, 1944 lira would provide more
interest income. Accordingly, what is the amount of money invested
in interest?
2-Some capital was kept in the bank for 225 days with an 18%
interest rate. Since the total amount of money in the account is
68507.75 lira at the end of this period, what is the amount of
capital invested in interest?
3-42500 Turkish liras was deposited in the bank for 0.8 years with
an 18% interest rate. At the end of this period, all of the money
in the account was taken and deposited in another bank for 7 months
with an interest rate of 21%. At the end of 7 months, how much is
the whole money?