Owen invested $ 1 0 , 0 0 0 on April 9 th into an account earning prime 0 5 Prime was 5 at the time On June 1 0 th , prime rose by 0 2 5 Owen decided to withdraw his money on September 8 th How much simple interest did he earn ...

To calculate the simple interest earned by Owen we first need to determine the inter ...

Owen invested $ 1 0 , 0 0 0 on April 9 th into an account earning

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Question:

Owen invested $

10, 000

on April

9

th into an account earning prime

+ 0.5 % .

Prime was

5 %

at the time. On June

10

,

prime rose by

0.25 % .

Owen decided to withdraw his money on September

8

.

How much simple interest did he earn?

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Business Law Text And Cases Legal Ethical Global And Corporate Environment

ISBN: 9780538470827

12th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Frank B. Cross

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Posted Date: Apr 25, 2024 04:18 PM

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Owen invested $ 1 0 , 0 0 0 on April 9 th into an account earning

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Business Law Text And Cases Legal Ethical Global And Corporate Environment

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