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if not then write your learning?

TASK 1

Iva wants to deposit Dh 5000 in the bank for next 4years. Help her to take right decision by answering following questions.

Q.1 Emirates NBD bank gives her 5% interest for money she will deposit, how much interest she will receive after 4 years?

Q.2 How much amount she will get at the end of 4 years.

Amount = Principal + interest

TASK 2

Mohan deposited a sum of Rs. 800 in a bank. After 2 years, the bank gave Mohan an interest of Rs 128. What is the interest rate that the bank is offering?

RESEARCH

"What are the practical limitations of the simple interest formula compared to compound interest in real-world financial modeling?(Use your device for research work)