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
    Calculate the Amount of Interest That Would Be Earned on an Account
Solved

Calculate the Amount of Interest That Would Be Earned on an Account

Question 265

Question 265

Multiple Choice

Calculate the amount of interest that would be earned on an account of $216,000 if it earned 5.15% for 27 days.


A) $11,298
B) $11,124
C) $823
D) $1,744
E) $2,110

Correct Answer:

verifed

Verified

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

Related Questions

Q260: Seven months ago Julie received some money

Q261: Alain can purchase an airline ticket for

Q262: What will be the maturity value of

Q263: Nine months ago, Muriel agreed to pay

Q264: Nicholas can purchase the same furniture from

Q266: Sumer put $10,000 in a 3-month term

Q267: How can you determine whether two payment

Q268: Compare the economic values of two options

Q269: If you pay your $3,000 tuition 3

Q270: Calculate the size of the equal payments.

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