David deposited $1700.00 into a savings account earning interest at 3.4% per annum. After 160 days, how

Question:

David deposited $1700.00 into a savings account earning interest at 3.4% per annum. After 160 days, how much interest had the deposit earned?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

See More Books

Question Posted: Nov 29, 2017 06:44 AM

See More Questions

To purchase a specialty guitar for his band, for the past two years JJ Morrison has made payments of $92 at the end of each month into a savings account earning interest at 4.03% compounded monthly....
On April 1, 2015, Faircloud Variety Company deposited $24 000 into a savings account earning simple interest of 1.5%. Interest is paid to the account at the end of every calendar quarter. How much...
On April 1, 2017, Faircloud Variety Company deposited $24 000 into a savings account earning simple interest of 1.5%. How much interest was paid to Faircloud's account on June 30, 2017?
Selling price Variable costs: Direct materials Direct labour Variable manufacturing overhead Total variable cost Contribution margin Contribution margin ratio Contribution margin per labour hour O...
Consider the transmission case of Problem 1.23, but now allow for radiation exchange with the ground chassis, which may be approximated as large surroundings at Tsur = 30C. If the emissivity of the...
You plan to buy 1,000 shares of Swiss International Airlines stock. The current price is SF950. The current exchange rate is $0.7254/SF. You are interested in speculating on the stock but do not want...
Why might an organization's corporate strategy need to be changed? LO1
Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31, 2016, from the following estimates. Inventories of production units: Finished Goods January 1,...
**Accounting for Tax-Deferred Investments** Tax-deferred investments refer to financial instruments where taxes on earnings are postponed until a later date. These investments offer the advantage of...
A luncheon speaker stated that the number of life insurers has declined sharply during the past decade because of the increase in company mergers and acquisitions, demutualization of insurers, and...
Lin Yan borrowed $1800 from her parents to finance a vacation. If interest was charged on the loan at 5.2%, how much interest would she have to pay in 220 days?
Reena had an overdue balance of $200 on her credit card that charged interest at 19% p.a. She paid the balance, plus interest, after 58 days. How much interest did she have to pay?
Masa, Ltd., had the following data (in millions of yen) for a given period: Sales 990 Direct materials 250 Direct labor .. 140 Variable factory overhead .. 65 Variable selling and administrative...
Explain the principles of database normalization and denormalization, delineating their respective roles in optimizing data storage efficiency, query performance, and data integrity in relational...
Asymptotic Computational Complexity O(): Calculate the time complexity of each function below and explain your reasoning. Write your answers on paper and submit a scanned copy. (5 pts each) def...
Happy Valley Software has developed a new meteorology software package that will likely revolutionize the weather forecasting industry. They are looking to market the software to the following three...
Please read the essay Nasty Women Have Much Work To Do from Alexandra Petri on pages 45-47. In your discussion post, please share your thoughts on what specific strategies she uses to create tone and...
We live in an increasingly hyper-competitive global marketplace, where firms are fighting to stay lean and flexible in an effort to satisfy increasingly diverse and specialized consumer demand. In...
The lengths of the hypotenuse and one leg of a right triangle are given. Find the perimeter and area of the triangle. Hypotenuse: 29 cm; leg: 20 cm
Stephen Schor, an accountant in New York City, advised his client, Andre Romanelli, Inc., to open an account at J. P. Morgan Chase Bank, N.A., to obtain a favorable interest rate on a line of credit....
A bicycle shop reduced its selling price on a bicycle by 33 1/2%. If the regular selling price was $195, what was the reduced price?
From August 2013 to June 2016, the price of gasoline increased 13%. If the price in 2013 was $1.29 per liter, what was the price per liter in 2016?
A sales representative receives a commission of 16 2/3% on all sales. How much must 3 his weekly sales be so that he will make a commission of $720 per week?
explain the concept of Time Value of Money and provide and example. In addition to your discussion, please explain the differences between Stocks and Bonds
Wildhorse Inc. has just paid a dividend of $3.80. An analyst forecasts annual dividend growth of 9 percent for the next five years; then dividends will decrease by 1 percent per year in perpetuity....
Jenny wanted to donate to her alma mater to set up a fund for student scholarships. If she would like to fund an annual scholarship in the amount of $6,000 and her donation can earn 5% interest per...

David deposited $1700.00 into a savings account earning interest at 3.4% per annum. After 160 days, how

Question:

Step by Step Answer:

P 170000 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Accounting questions