How much interest will be earned on a deposit of $42,000 if the funds are invested for
Question:
How much interest will be earned on a deposit of $42,000 if the funds are invested for 90 days at 6.15%?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
Amount investedp 42000 Rate of interest 615 ...View the full answer
Answered By
MADHUMOHAN REDDY DWARAM
MYSELF MADHUMOHAN REDDY, I AM AN INDIAN.I AM 24 YEARS OLD. I HAVE DONE MASTER OF TECHNOLOGY IN STRUCTURAL ENGINEERING, BACHELOR OF TECHNOLOGY IN CIVIL ENGINEERING AND ALSO A DIPLOMA IN CIVIL ENGINEERING. I HAVE BEEN WORKING AS AN ONLINE TUTOR SINCE 2017. I USED TO WORK AS A DIRECT TEACHER IN A DIPLOMA COLLEGE AFTER MY GRADUATION FOR SIX MONTHS..
0.00
0 Reviews
10+ Question Solved
Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
Question Posted:
Students also viewed these Mathematics questions
-
How much interest will be earned on $5000 in five months if the interest rate is 5.5%?
-
At the age of 25, Tasha Fellows obtained her university degree and entered the workforce. She sought the opinion of an investment advisor regarding a tax-free savings account (TFSA). The main...
-
Assume that on December 16, 2014, Harris Company receives a 90-day, 9 percent, $23,000 note, payable in full with interest at maturity, and that the company prepares monthly financial statements....
-
Employee earnings records for Redding Company reveal the following gross earnings for four employees through the pay period of December 15. D. Edwards ........... $83,500 A. Seligman...
-
Octane (C8H18) reacts with 110% of theoretical air inside a chamber to form an equilibrium mixture consists of CO2, CO, H2O(g), H2, and N2 at 1650 K, 100 kPa. Determine the composition of the...
-
We were able to determine the number of elements in the union of two sets with the formula n(A B) = n(A) + n(B) - n(A B). Can you determine a formula for finding the number of elements in the union...
-
True or False: Trial weights can be attached to the outer edge of a fan wheel just using the clamping bolt.
-
The Piedmont Computer Company has brought legal action against ATC Corporation for alleged monopolistic practices in the development of software. The claim has been pending for two years, with both...
-
7. Answer for the following reaction CH3ONa a) Is this reaction SN/E1 or SN/E2 Br (2 points) b) For the reaction draw a mechanism for the substitution product and the elimination product. (4 points)...
-
A book publisher monitors the size of shipments of its textbooks to university bookstores. For a sample of texts used at various schools, the 95% confidence interval for the size of the shipment was...
-
How much interest was paid on a $1500 loan for 7 months at an annual interest rate of 2.5%?
-
A Joan was advanced on March 16 and repaid on October 29 of the same calendar year. How many days was the loan outstanding?
-
The Internet is a worldwide collection of networks. True or False
-
Describe how to make a strong magnet out of an initially unmagnetized iron rod without using the earth or another bar magnet. Include in your instructions the materials one would need, how one could...
-
Explain the strategies of the following banks in the Maldives. 1. Bank of Maldives 2. Maldives Islamic Bank 3. Commercial Bank of Maldives 4. Bank of Ceylon 5. State Bank of India 6. Mauritius...
-
A dipole of moment p = 3 . 8 times 1 0 3 0 Cm is placed in a uniform field of modulus E = 7 times 1 0 4 N / C . a ) What is the external work necessary to rotate the dipole by 6 0 o from of an...
-
Apple, Inc. is currently trading at $26 per share. It has 100 million shares outstanding. The company has issued bonds that are trading at 80 percent of its par value. The bonds pay just one coupon...
-
A German supplier is offering two options to his American client to pay for an equipment: paying 12,000 euros in 3 months or paying 15,000 dollars in 6 months. If the annual interest rate for the...
-
Dresner Company has a December 31 fiscal year end. It receives a $7,860 property tax bill for the 2014 calendar year on March 31, 2014. The bill is payable on June 30. Prepare entries for March 31,...
-
An 8.0 kg crate is pulled 5.0 m up a 30 incline by a rope angled 18 above the incline. The tension in the rope is 120 N, and the crates coefficient of kinetic friction on the incline is 0.25. a. How...
-
Now perform the test using the exact method and obtain a 2-sided p-value? Cardiovascular Disease Left ventricular mass (LVM) is an important risk factor for subsequent cardiovascular disease. A study...
-
Compare your results in Problems 9.69 and 9.70? Cardiovascular Disease Left ventricular mass (LVM) is an important risk factor for subsequent cardiovascular disease. A study is proposed to assess the...
-
Compare your results to those obtained using t test methods in Problem 8.107 (p. 329)? Cardiovascular Disease Left ventricular mass (LVM) is an important risk factor for subsequent cardiovascular...
-
Include your strategies for capitalizing on your strengths and overcoming your weaknesses in order to become successful in your work related goals
-
when Recognizing and Identifying Child Abuse and Neglect, Include some strategies for capitalizing on strengths and overcoming weaknesses in order to become successful in your work-related goals?
-
What can be the most beneficial when learning about Recognizing and Identifying Child Abuse and Neglect? How can Recognizing and Identifying Child Abuse and Neglect will assist you in achieving...
Study smarter with the SolutionInn App