Answered step by step
Verified Expert Solution
Question
1 Approved Answer
26. The interest earned on an investment of $2500 earning 3% simple interest per annum for 125 days is ? (A) $25.68 (B) $256.85 (C)
26. The interest earned on an investment of $2500 earning 3% simple interest per annum for 125 days is ? (A) $25.68 (B) $256.85 (C) $312.50 (D) $31.25 (E) $2525.68 27. $500 is invested at 3.75% annual interest rate compounded four times per year for 200 days. The future value is ? (A) $931.41 (B) $10.33 (C) $542.02 (D) $431.41 (E) $510.33
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started