Charlie had an account balance of $8,500 on April 1. He received a payment of $30,000 on April 15 from a sale of an investment. On April 29, he purchased a 32000 GIC for a 3 year term. The bank pays 3.5% interest on daily interest savings account. Calculate the interest earned for the month of April.

Answer rating: 100% (QA)

To calculate the interest earned for the month of April we need to determine the average daily balan... View the full answer