An Investment Savings account offered by a trust company pays a rate of 0.25% on the first
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An Investment Savings account offered by a trust company pays a rate of 0.25% on the first $1000 of daily closing balance, 0.5% on the portion of the balance between $1000 and $3000, and 0.75% on any balance in excess of $3000. What interest will be paid for the month of April if the opening balance was $2439, $950 was deposited on April 10, and $500 was with-drawn on April 23?
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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