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
    How Much Will Have to Be Deposited to Earn $600
Solved

How Much Will Have to Be Deposited to Earn $600

Question 81

Question 81

Short Answer

How much will have to be deposited to earn $600 interest over two years at an interest rate of 3%?

Correct Answer:

verifed

Verified

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

Related Questions

Q76: On what date did a corporation borrow

Q77: Judith received the proceeds from an inheritance

Q78: On June 26, 2013, $1000 was borrowed

Q79: Mr. and Mrs. Chan are considering two

Q80: Two payments of $1,300 and $1,800 were

Q82: How many days would it take for

Q83: How much money would have to be

Q84: Carly borrowed $2,500 from Clare on July

Q85: A five-month term deposit of $10,000 at

Q86: Two equal payments, 50 days and 150

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