Multiple Choice
Mary deposits $15,000 in a bank account earning simple interest rate r = 5.25% on October 25,2013 and leaves it on deposit until February 4,2014.Using exact interest,how much interest is earned during the entire investment period?
A) $217.91
B) $223.13
C) $220.07
D) $222.23
Correct Answer:
Verified
Correct Answer:
Verified
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