Access the Royal Bank’s Web page for current interest rates. In this page’s navigation bar, select “Redeemable GIC” or “Non-Redeemable GIC” to obtain current rates for these simple-interest investments.

a. For each type of GIC, how much interest will you earn on $10,000 invested for 100 days?
b. How much interest will you earn on the Redeemable GIC if you redeem it after:

(i) 29 days?     (ii) 31 days?