Solved

$9600 Is Invested for 3 Months in a Savings Account

Question 30

Multiple Choice

$9600 is invested for 3 months in a savings account with a rate of 9.5% simple interest per year. Find the interest.

A) $2280.00
B) $228.00
C) $27,360.00
D) $2736.00

Related Questions

Q25: <span class="ql-formula" data-value="\begin{array}{l}\text { Find the maturity

Q26: Find the future value of the loan.

Q27: A credit card statement showed these

Q28: Suppose you plan to work right after

Q29: Express 355% as a decimal.<br>A) 35,500<br>B) 35.5<br>C)

Q31: <span class="ql-formula" data-value="\begin{array}{l}\text { Find the missing

Q32: <span class="ql-formula" data-value="\begin{array}{l}\text { If an investor

Q33: <span class="ql-formula" data-value="\text { Express } \frac

Q34: Find the interest using the Banker's rule.

Q35: A $1400 loan is to be paid