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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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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