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    Exam 7: Applications of Simple Interest
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    Calculate the Maturity Value of a 300-Day, $6,000 Term Deposit
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Calculate the Maturity Value of a 300-Day, $6,000 Term Deposit

Question 34

Question 34

Multiple Choice

Calculate the maturity value of a 300-day, $6,000 term deposit earning 5.15% simple interest.


A) $5,756.34
B) $6,253.97
C) $6,309.00
D) $6,111.78
E) $7,021.99

Correct Answer:

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