menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Business Mathematics Study Set 1
  4. Exam
    Exam 6: Simple Interest
  5. Question
    Calculate the Amount of Interest That Would Be Earned on an Account
Solved

Calculate the Amount of Interest That Would Be Earned on an Account

Question 256

Question 256

Multiple Choice

Calculate the amount of interest that would be earned on an account of $344,000 if it earned 4.95% for 37 days.


A) $17,028
B) $11,124
C) $991
D) $1,726
E) $2,110

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q251: An invoice states that interest will be

Q252: The first two of the following three

Q253: Mike borrowed $6,000 on August 15 at

Q254: Petra has forgotten the rate of simple

Q255: What payment 5 months from now would

Q257: Cindy borrowed $750 from Clare on April

Q258: $12,000 due today is to be replaced

Q259: Two payments of $1,000 now and $3,000

Q260: Seven months ago Julie received some money

Q261: Alain can purchase an airline ticket for

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines