b) [5 marks] Give an expression for the amount of interest you will have earned in the 15 months.

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Nestor RutherfordLv2

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13. (16 marks) You invest $2000 at annual 5% interest, compounded monthly. a) (5 marks) Give an expression (not evaluated as a decimal) for the factor by which your investment has increased after 15 months.

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b) [5 marks] Give an expression for the amount of interest you will have earned in the 15 months.

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