After ten months of investing $500 in a chequing account, Sarojin had a maturity amount of $680
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After ten months of investing $500 in a chequing account, Sarojin had a maturity amount of $680 in the account. Had she loaned this amount to her friend who was running a restaurant business, she would have received 2% more than what was being offered by her chequing account. Calculate the maturity amount after ten months if had she loaned the amount to her friend.
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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