If $3702.40 earned $212.45 interest from September 17, 2016 to March 11, 2017, what rate of interest

Question:

If $3702.40 earned $212.45 interest from September 17, 2016 to March 11, 2017, what rate of interest was earned?

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

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

See More Books

Question Posted: Oct 16, 2020 04:00 AM

See More Questions

Roger R. and Michelle N. Stewart (ages 45 and 46) are married and live at 641 Cody Way, Casper, WY 82609. Roger is a consulting engineer, and Michelle is a paralegal. They file a joint return and use...
Steven B. (age 42) and Debra S. (age 41) Marshall are married and live at 426 East Twin Oaks Road, Sioux Falls, SD 57105. Steven is the regional manager for a restaurant chain (Moveable Feast), and...
If $3702.40 earned $212.45 interest from September 17, 2004, to March 11, 2005, what rate of interest was earned?
Route Canal Shipping Company has the following schedule for aging of accounts receivable: AGE OF RECEIVABLES APRIL 30, 2001 a. Fill in column (4) for each month. b. If the firm had $1,440,000 in...
Determine the temperature at which 2% of diatomic oxygen (O2) dissociates into monatomic oxygen (O) at a pressure of 3 atm.
Financial Ratios Calculate all relevant financial ratios for Sement AG. Summarized Statement of Income Revenue 77,327 Cost of goods sold 56,284 Operating income 21,043 Less: Depreciation 2,130 Other...
Develop a security-awareness training session for a group of employees from the accounts and marketing departments. LO.1
Shafer Office Supplies has four distribution centers located in Atlanta, Cincinnati, Chicago, and Salt Lake City, and ships to 12 retail stores located in Portland, San Jose, Las Vegas, Tucson,...
Padre, Inc., buys 80 percent of the outstanding common stock of Sierra Corporation on January 1, 2021, for $778,080 cash. At the acquisition date, Sierras total fair value, including the...
Detective analysis-identify company Effective financial statement analysis requires an understanding of a firms economic characteristics. The relations among various financial statement items provide...
What amount paid on September 24 is equivalent to $1000 paid on the following December 1 if money can earn 3%?
A hockey league requires parents to pay $500 on September 1 for the year's league fees, and an additional $250 fee on December 15 of the same year to cover costs associated with an annual. Christmas...
Suggest ways that you could handle serving the special diets, including those required by the increasing numbers of older inmates and those who are obese.
As shown on the attached chart, what is the approximate current 7-year spread premium for Kellogg Bonds? 25 Basis Points 75 Basis Points 200 Basis Points AUS Treasury Actives Curve X-ads Tenor...
A pharmaceutical company claims to have invented a new pill to aid weight loss. They claim that people taking these pills will lose more weight than people not taking them. A total of twenty people...
Let U = {a, b, c, d, e, f} be the universal set and let A = {a, b, c, d, e, f}. Write the set A. Remember to use correct set notation. Provide your answer below: A=
Produce a poster series of three (3) A3 sized posters on creativity in the early years. As a collective the poster series must articulate the importance of aesthetics and creativity for young...
Find the second derivative of the function. g(x) = ex In(x) g"(x) = Need Help? Read It
Use threads to build support for true iterators in Java. Try to hide as much of the implementation as possible behind a reasonable interface. In particular, hide any uses of new thread, thread.start,...
Using (1) or (2), find L(f) if f(t) if equals: t cos 4t
For all hormone groups except saline, different doses of hormones were administered to different groups of hens. Is there a dose-response relationship between the proportion of hens with increasing...
Answer Problem 10.40 for biliary secretions?
What proportion of controls will have events over 5 years? Cardiovascular Disease A secondary prevention trial of lipid lowering is planned in patients with previous myocardial infarction (MI)....
Comfort Golf Products is considering whether to upgrade its equipment Managers are considering two options. Equipment manufactured by Stenback Inc. costs $1,000,000 and will last five years and have...
Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 71,000 shares of $10 par common stock. 8,500 shares of $60 par, 6 percent, noncumulative preferred stock. On...
Read the following case and then answer questions On 1 January 2016 a company purchased a machine at a cost of $3,000. Its useful life is estimated to be 10 years and then it has a residual value of...

If $3702.40 earned $212.45 interest from September 17, 2016 to March 11, 2017, what rate of interest

Question:

Step by Step Answer:

Interest 21245 principle 370240 time ...View the full answer

Fundamentals Of Business Mathematics In Canada

Students also viewed these Mathematics questions