Petra has forgotten the rate of simple interest she earned on a 120-day term deposit at Scotiabank.

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Petra has forgotten the rate of simple interest she earned on a 120-day term deposit at Scotiabank. At the end of the 120 days, she received interest of $327.95 on her $21,000 deposit. What rate of simple interest did her deposit earn?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 16, 2020 03:58 AM

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Petra has forgotten the rate of simple interest she earned on a 120-day term deposit at Scotiabank.

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A P1rt Where A Final Amount P Initial Principal Amount r rate per annum t time in years Pet...View the full answer

Fundamentals Of Business Mathematics In Canada

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