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An investment earning simple interest
Consider a $7,500 investment. Without calculating the amount of accrued interest or the final amount of the investment, compare
1 answer
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John has $1800 hidden under his mattress and $250 in the cookie jar.
He decides to take his money to a bank, where he divides it
0 answers
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Anonymous
1,007 views
Lester deposited $400 into a savings account earning 4.5% simple interest and 450 into an investment account earning 3.2%
2 answers
asked by
Anonymous
541 views
Lester deposited $400 into a savings
account earning 4.5% simple interest, and $450 into an investment account earning 3.2%
3 answers
asked by
DerpyPegasus33
859 views
Lester deposited $400 into a savings
account earning 4.5% simple interest, and $450 into an investment account earning 3.2%
5 answers
asked by
DerpyPegasus33
1,281 views
An investment earning simple interest rate of 1.10% per annum for a term of 5 years earned 82.50 in interest. What was the
3 answers
asked by
karen
984 views
An investment earning simple interest at a rate of 1.10% per annum for a term of 5 years earned $82.50 in interest. What was the
1 answer
asked by
Rafiki
987 views
An investment earning simple interest at a rate of 1.10% per annum for a term of 5 years earned $82.50 in interest. What was the
1 answer
asked by
Snorlax
651 views
An investment earning simple interest at a rate of 1.10% per annum for a term of 5 years earned $82.50 in interest. What was the
1 answer
asked by
Chuck
789 views
Between simple interest at 5% and compound interest at 3%, determine which interest earning type will result in a higher balance
3 answers
asked by
bully
92 views