Question
2. Juliana invested $5,000 at 5.50% p.a. simple interest. How many days will it take for her investment to grow to at least $5,200? Round
2. Juliana invested $5,000 at 5.50% p.a. simple interest. How many days will it take for her investment to grow to at least $5,200? Round to the next day
3. Whitney acquired a $5,000.00, 91-day, Province of Alberta T-bill on its date of issue for a price of $4,932.37. What was the annual simple interest rate of the T-bill? % Round to two decimal places
4. Anthony purchased an interest-bearing promissory note for $7,000.00 at 5.00% p.a., due in 60 days. If he sold the note in 24 days by discounting it at 6.00% p.a., calculate the proceeds of the note. Round to the nearest cent
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