Ask a New Question

an investment earns 7.5% interest in one year. if the money is withdrawn before th year is up, the interest is protrated so that a proportional amount of the interest is paid out. if $1960 is invested, what is the total amount that can be withdrawn when the account is closed out after 5 months?

Ask a New Question or answer this question.

Similar Questions

Deana invests some money that earns interest compounded annually. At the end of the first year, she earns $400 in interest. At
1. 4 answers
Mr. Jarvis invested a total of 10,437 in two savings accounts. One account earns 8% simple interest per year and the other earns
1. 1 answer
A mother wants to invest 8,000 dollars into her child's college fund. She invests a portion of the money into a CD account which
1. 1 answer
Use x = 1 + r, where r is the interest rate paid each year. Write a model polynomial, C(x), to represent the final amount of
1. 1 answer

more similar questions