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
    Cecille Placed $17,000 in a 270-Day Term Deposit Earning 4
Solved

Cecille Placed $17,000 in a 270-Day Term Deposit Earning 4

Question 12

Question 12

Short Answer

Cecille placed $17,000 in a 270-day term deposit earning 4.25%. How much will the bank pay Cecille on the maturity date?

Correct Answer:

verifed

Verified

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

Related Questions

Q7: Sam earned $650 on an investment deposited

Q8: A $1000 loan at 3% was repaid

Q9: Sharon's $9,000 term deposit matured on March

Q10: Ace Furniture will give you 8 months,

Q11: Grandma Jones has $300,000 in a bank

Q13: What was the simple interest rate if

Q14: Patrick has a contract that will pay

Q15: What was the interest rate on a

Q16: What is meant by "equivalent payments"?

Q17: Payments of $1,000 and $7,500 were originally

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