On July 17, 2016, Leah deposited $1500 into a savings account that earned simple interest of 1.05%.

Question:

On July 17, 2016, Leah deposited $1500 into a savings account that earned simple interest of 1.05%. How much interest was earned and paid into Leah’s account on December 1, 2016?

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: 978-0133052312

10th edition

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

See More Books

Question Posted: Feb 26, 2016 03:38 AM

See More Questions

On July 17, 2017, Leah deposited $1500 into a savings account that earned simple interest of 1.05%. How much interest was earned and paid into Leah's account on December 1, 2017?
Suppose Patrick Goldsmith deposited $1000 in an account that earned simple interest at an annual rate of 7% and left it there for 6 years. At the end of the 6 years, Patrick deposited the entire...
Yin li deposited $800 into a savings account that compounded interest monthly. What nominal annual rate compounded monthly was earned on the investment if the balance was $952.75 in five years?
A process stream is heated using a shell and tube heat exchanger. The exit temperature is controlled by adjusting the steam control valve shown in figure. During an open-loop experimental test, the...
How does securitization of risk increase capacity in the property and casualty insurance industry?
Pullman Products manufactures ceramic discs for industrial use. It makes the discs in three sizes: small (S), medium (M) and large (L). Product costs are calculated using a simple absorption costing...
Why are public works projects like the Honolulu Rail project nearly impossible to stop once they have been approved, even if later cost estimates skyrocket? Dear Mr. PresidentPlease cancel our...
Johnson Filtration, Inc., provides maintenance service for water filtration systems throughout southern Florida. Customers contact Johnson with requests for maintenance service on their water...
Can you please make me a budget project for selling and admin and labor schedule for the outdoor equipment store in vancouver bc . Notes Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Rent...
Mr B aged 52 years, has earned rupees 75,00,000 out of his business. His ex-wife gifted him a car worth rupees 8 lakh. He spent a total of rupees 20 lakh during a family trip. He won a lottery of 16...
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...
Along with licensing, the purchase of auto insurance for vehicles is required in Canada. Benefits of auto insurance are as follows: Safeguards the investment in the automobile. Pays for medical...
To purchase a used automobile, you borrow $8,000 from Loan Shark Enterprises. They tell you the interest rate being charged is 1% per month for 35 months. They also charge you $200 for a credit...
1. create a concept map for 0D, 1D, 2D and 3D crystals 2. write down the formulas for quantifying numbers of defects
\fNOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC . Commitments , Contingencies and Guarantees ( 2 ) Aircraft and Engine Purchase Commitment Under all of our aircraft and...
Critical Values. In Exercises 41-44, find the indicated critical value. Round results to two decimal places. 41. Z0.25 42. Z0.90 43. Z0.02 44. 20.05
Use the following information for questions 1 and 2. Caterpillar Financial Services Corp. (a subsidiary of Caterpillar) and Sterling Construction sign a lease agreement dated January 1, 2020, that...
In todays social and business environments, some organizations only talk the talk regarding ethics and ethical conduct rather than walk the ethical organizational path. In what ways can ethical and...
For an upcoming presentation, prepare your first couple of sentences. Say them out loud to a small group of students for feedback. Ask for feedback. Is your main point clearly up front? Did you make...
Listed below are common types of current liabilities, contingencies, and commitments: a. Accounts payable b. Bank loans and commercial paper c. Notes payable d. Dividends payable e. Sales and excise...
Discuss the advantages and disadvantages of the proposal that there should be a separate category of asset in the statement of financial position clearly identified as research investment - outcome...
A food company manufactures five types of 8 oz Trail mix packages using different mixtures of peanuts, almonds, walnuts, raisins, and M&Ms. The mixtures have the following compositions: How many...
The electrical circuit shown consists of resistors and voltage sources. Determine i1, i2, i3, and i4, using the mesh current method based on Kirchhoff's voltage law (see Sample Problem 3-4). 42 18V...
The electrical circuit shown consists of resistors and voltage sources. Determine i1, i2, i3, i4 and i5, using the mesh current method based on Kirchhoff's voltage law (see Sample Problem 3-4). V1, =...
Cash from Operating Activities: ______________ Cash from Investing Activities: ______________ Cash from Financing Activities: ______________ Problem 2: Financial Ratios The GAP Macys 1 Current Ratio...
On January 1, 2021, Winky Enterprises issued 12% bonds dated January 1, 2021, with a face amount of $2,800,000. The bonds mature in 2030 (10 years). For bonds of similar risk and maturity, the market...
Using the following accounts and balances, prepare the stockholders' equity vection of the balance sheet. Pilty thousand shares of common stock are authorised, and 1,000 shares have been recoured,...

On July 17, 2016, Leah deposited $1500 into a savings account that earned simple interest of 1.05%.

Question:

Step by Step Answer:

P 150000 r 0...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions