
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 85
In each of the following application problems, find principal to the nearest cent, rate to the nearest tenth of a percent, or time to the nearest day.
SHORT-TERM SAVINGS Hoyt Axton earned $244.80 interest in 9 months in a short-term savings account that paid 3.2% per year. Use the simple interest formula to estimate the amount initially invested.
SHORT-TERM SAVINGS Hoyt Axton earned $244.80 interest in 9 months in a short-term savings account that paid 3.2% per year. Use the simple interest formula to estimate the amount initially invested.
Explanation
The following information is g...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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