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What will be the value at the end of the 5th year if Birr 1,000 is invested at 12% simple interest for 5 years?
What will be the value at the end of the 5th year if Birr 1,000 is invested at 12% simple interest for 5 years?
- Birr 1,600
- Birr 1,500
- Birr 1,720 (correct)
- Birr 1,600
What is the interest earned if Birr 1,000 is invested at 12% simple interest for 5 years?
What is the interest earned if Birr 1,000 is invested at 12% simple interest for 5 years?
- Birr 600 (correct)
- Birr 500
- Birr 1,000
- Birr 1,200
If the interest rate is increased to 15%, what will be the value at the end of the 5th year for Birr 1,000 invested at simple interest?
If the interest rate is increased to 15%, what will be the value at the end of the 5th year for Birr 1,000 invested at simple interest?
- Birr 1,750 (correct)
- Birr 1,800
- Birr 1,500
- Birr 1,650
What is the present value of the benefits of Birr 1,000 annually for three years at a 10% discount rate?
What is the present value of the benefits of Birr 1,000 annually for three years at a 10% discount rate?
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