On March 20, 2020, Rachel deposited $50,000 into a short-term investment fund at 3.25% p.a. simple interest.
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On March 20, 2020, Rachel deposited $50,000 into a short-term investment fund at 3.25% p.a. simple interest. Calculate the interest earned and the maturity amount on June 30, 2020.
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SARANYA B NAIR
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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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