You invested $9180 in an account that was earning a Simple interest at a rate of 3.75%
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Question:
You invested $9180 in an account that was earning a Simple interest at a rate of 3.75% pa. How many months did it take for his investment to earn an interest of $172.10?
Harry invested his savings in an account at 2.5%p.a. simple interest for 9 months. if he earned an interest of $37.50 at the end of the term, what was the principal amount of investment?
Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
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