Chelsea invested her savings in an account at 2.5% p.a. simple interest for 9 months. If she
Question:
Chelsea invested her savings in an account at 2.5% p.a. simple interest for 9 months. If she earned an interest of $37.50 at the end of the term, what was the principal amount of the investment?
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
Question Posted: