After m months, the amount of money in the fixed deposit account has appreciated to morethan 50 000 AUD.(b) Find the minimum value of m , where mℕ

Daisy invested 37 000 Australian dollars (AUD) in a fixed deposit account with an annualinterest rate of 6.4 % compounded quarterly.(a) Calculate the value of Daisy’s investment after 2 years. [3]After m months, the amount of money in the fixed deposit account has appreciated to morethan 50 000 AUD.(b) Find the minimum value of m , where mℕ

James deposits $200 in a bank account on the last day of each month. He increases the deposit by $10 each month. The payments continue for a period of 36 months. What is the accumulated value of these payments on the day of the last payment (to the nearest dollar)? The interest rate is 6% p.a. compounded quarterly.

Mr. Ho deposited $120 000 in a bank and after x months, he received a total amount of $132 000. If the bank offered him a simple interest rate of 4% p.a., find the value of x.

Question 6A sum invested in a fixed interest bank deposit account increased in value by 40% over 5 years.Question 6Which of the following is closest to the fixed rate of interest over that period, assuming that each year the interest was reinvested in the deposit account?5%6%7%8%

(a) $855 simple interest was paid when $4500 was invested at 4.75% per annum.Determine the period of investment.(b) Mrs. Woods borrowed a sum of money from a bank at 12.5% per annum for 6 yearsand paid $6375 simple interest. Calculate the sum of money mrs. Wood borrowedfrom the bank.(c) The simple interest on $15 000 for years is $4950. Calculate the rate percent perannum.