You deposit K1000 every year for 4 years with a bank  which pays 6.5% P.a. simple interest. In the end of the fifth year, what will be your total investment value?

Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount with 8.2 APR, compounding daily, in orderto reach his goal in 5 years?

Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would pay $6,596.25 in interest over five years. How much did he borrow to pay for his car?