Computing the interest rate of 2 years


1) What types are legal for subscripts? Are subscripting expressions in element references range checked? When are subscript ranges bound? 4. When does allocation take place? What is the maximum number of subscripts?

2) Jasmine put $2750 in the account paying 9% APR compounded every three months. If she makes no payments or withdrawals for next 13 years, compute the interest she will earn in year 2?

3) In 1880 five aboriginal trackers were each promised equivalent of 50 Australian dollars for serving to capture notorious outlaw Ned Kelley. In 1997 granddaughters of two of the trackers claimed that this payment had not been paid. Prime minister fixed that if this was true, government would be happy to pay $50. Though, granddaughters also claimed that they were permitted to compound interest.

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Finance Basics: Computing the interest rate of 2 years
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