Carol has a savings account balance of $2800 on September 1. On September 18, her balance increases
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Carol has a savings account balance of $2800 on September 1. On September 18, her balance increases to $3500 and remains there until the end of the month. Her account pays 1.05% per annum. Interest is calculated on the daily closing balance and paid on the first day of the next month. How much interest will be credited to Carol's account on October 1?
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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