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    Exam 6: Simple Interest
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    A $10,000 90-Day Term Deposit Earns 4
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A $10,000 90-Day Term Deposit Earns 4

Question 29

Question 29

Multiple Choice

A $10,000 90-day term deposit earns 4.5% interest. How much will the depositor have at maturity?


A) $11,825.00
B) $10,110.96
C) $10,112.50
D) $112.50
E) $110.96

Correct Answer:

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