menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Mathematics
  4. Exam
    Exam 6: Simple Interest
  5. Question
    $1000 Was Invested on April 18, 2011 in a Certificate
Solved

$1000 Was Invested on April 18, 2011 in a Certificate

Question 49

Question 49

Short Answer

$1000 was invested on April 18, 2011 in a certificate of deposit earning 7.7% per annum. On its maturity date, the certificate paid $32.28 interest. On what date did it mature?

Correct Answer:

verifed

Verified

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

Related Questions

Q44: If $59,200 grows to $60,000 in 41

Q45: Janesh has savings of $9625.63. If he

Q46: What amount invested at 4½ % on

Q47: Calculate the missing value: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Calculate

Q48: What amount of money paid today is

Q50: After 7 months at an interest rate

Q51: Jacques received the proceeds from an inheritance

Q52: Calculate the missing value: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Calculate

Q53: Calculate the amount of money that would

Q54: The total accrued interest owed as of

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