Ritcher decided to deposit $ 875 from May 29, 2013 to August 13, 2013 at 11.5...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Ritcher decided to deposit $ 875 from May 29, 2013 to August 13, 2013 at 11.5 % per annum. Compute the amount of simple interest he will earn at the end of the term. Round to nearest а. 100th. b. A child learning to save money invested a capital of $ 250 at a nominal rate of 0.0825 with simple interest. If he earned $ 11.98 at the maturity date. baw.many days was the term of the deposit? Round to nearest one. с. A bank pays an interest of 4.5% for a three month term deposit. Calculate the amount that Stokes must invest to earn an interest of $100.00. Round to nearest 100th. Ritcher decided to deposit $ 875 from May 29, 2013 to August 13, 2013 at 11.5 % per annum. Compute the amount of simple interest he will earn at the end of the term. Round to nearest а. 100th. b. A child learning to save money invested a capital of $ 250 at a nominal rate of 0.0825 with simple interest. If he earned $ 11.98 at the maturity date. baw.many days was the term of the deposit? Round to nearest one. с. A bank pays an interest of 4.5% for a three month term deposit. Calculate the amount that Stokes must invest to earn an interest of $100.00. Round to nearest 100th. Ritcher decided to deposit $ 875 from May 29, 2013 to August 13, 2013 at 11.5 % per annum. Compute the amount of simple interest he will earn at the end of the term. Round to nearest а. 100th. b. A child learning to save money invested a capital of $ 250 at a nominal rate of 0.0825 with simple interest. If he earned $ 11.98 at the maturity date. baw.many days was the term of the deposit? Round to nearest one. с. A bank pays an interest of 4.5% for a three month term deposit. Calculate the amount that Stokes must invest to earn an interest of $100.00. Round to nearest 100th. Ritcher decided to deposit $ 875 from May 29, 2013 to August 13, 2013 at 11.5 % per annum. Compute the amount of simple interest he will earn at the end of the term. Round to nearest а. 100th. b. A child learning to save money invested a capital of $ 250 at a nominal rate of 0.0825 with simple interest. If he earned $ 11.98 at the maturity date. baw.many days was the term of the deposit? Round to nearest one. с. A bank pays an interest of 4.5% for a three month term deposit. Calculate the amount that Stokes must invest to earn an interest of $100.00. Round to nearest 100th.
Expert Answer:
Answer rating: 100% (QA)
I requicd P 875 3D r 115 entimon 3D t 77 days exact ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0133427530
10th edition
Authors: Walter Harrison, Charles Horngren, William Thomas
Posted Date:
Students also viewed these finance questions
-
Compute the amount of interest during 2014, 2015, and 2016 for the following note receivable: On May 31, 2014, Main Street Bank lent $220,000 to Ron Rowlette on a two-year, 5% note. 2. Which party...
-
Compute the amount of each foreign currency that can be purchased for $500,000: a. 1 Danish krone = $0.170 b. 1 Indian rupee = $0.0184 c. 1 Israeli shekel = $0.2751
-
Compute the amount of each foreign currency that can be purchased for one million dollars: a. 1 Korean won = $0.0009 b. 1 Malaysian ringgit = $0.3238 c. 1 Thai baht = $0.0331
-
Consider the following system differential equation: d+y(t) dy(t) dt3 dt4 +5 7 dy(t) dt +36 dy(t) dt - 100y(t) b) Find the transfer function for the system, G(s) = = du(t) dt + 5u(t) a) Find the...
-
(a) What is the difference between a statistic and a parameter? (b) What types of symbols are used for statistics and parameters?
-
What are the two basic technologies used for mobile banking and financial services?
-
Little People Learning Center (LPLC) has assembled the following data for the year ended June 30, 2005. Prepare the operating activities section of LPLC's statement of cash flows for the year ended...
-
Hot Lunch Delivery Service has always had a policy to pay stockholders annual dividends in an amount exactly equal to net income for the year. Joe Alberg, the companys president, is confused because...
-
what is Medibank pestle analysis in term of these 2 statements? Current problem at hand deviates towards the fact that customers do not have high awareness of the health and wellbeing programs that...
-
In a typical month, the Monk Corporation receives 80 checks totaling $113,000. These are delayed four days on average. What is the average daily float? Assume 30 days in a month.
-
CCA ltd. has sales of $6,000 and the following balance sheet. Assets Current Forecasted Liab. & Equity Current Forecasted Cash $100 Accounts payable $900 Accounts rec. 600 Long term debt 1050...
-
Explain Archimedes' principle in detail. A sea water float consists of a cylinder and cone combined as shown here below. The density of sea water is 1026 kg/m 3 and g = 9.81 m/s 2 D H h
-
After reviewing the Alberta Child and Youth Family Enhancement Act (CYFEA). Please read the following scenarios, and discuss them, as if they were occurring here in Alberta and you were the...
-
Nitrogen is contained in a 5 - m 3 rigid vessel at a pressure of 2 2 0 0 kPa What would be the height of a column of mercury ( in mm ) in a manometer for this pressure? The density for mercury is 1 3...
-
3. Two children sit on a see-saw which is 3 m long and pivoted on an axis at its center. The first a child has a mass m of 25 kg and sits at the left end of the see-saw, while the second child has a...
-
Goods and service markets reflect the quantities that will be demanded by consumers and produced by suppliers at different prices. (a) For a competitive market, draw the demand curve and explain how...
-
Investigators did compressive strength testing on 16 different concrete formulas. Part of their data is shown in Figure 1, where eight different formulas are represented. (The only difference between...
-
Pearson Education, a publisher of college textbooks, would like to know if students prefer traditional textbooks or digital textbooks. A random sample of students was asked their preference and the...
-
Nguyen Security Systems revenues for 2014 totaled $21.9 million. As with most companies, Nguyen is a defendant in lawsuits related to its products. Note 14 of the Nguyen annual report for 2014...
-
Cardinal Company requires that all documents supporting a check be canceled by punching a hole through the packet. Why is this practice required? What might happen if it were not?
-
What were the dollar amount of change and the percentage of each change in Oak Hill Lodges working capital during 2014 and 2013? Is this trend favorable orunfavorable? 2014 2013 2012 Total current...
-
Scott-Russel mechanism for generating straight line has (a) four lower kinematic turning pairs (b) two lower kinematic turning pairs and one lower kinematic sliding pairs (c) one lower kinematic...
-
The driving shaft of a Hooke's joint is rotating at a uniform speed of \(600 \mathrm{rpm}\). The speed of the driven shaft must be 575 and \(625 \mathrm{rpm}\). Determine the maximum permissible...
-
Define a steering gear.
Study smarter with the SolutionInn App