Question
A renter is required to pay a security deposit of $1,100, on which 3.20 percent interest will be paid. What amount would the person earn
A renter is required to pay a security deposit of $1,100, on which 3.20 percent interest will be paid. What amount would the person earn each year?
| $33.30. | ||
| $35.20. | ||
| $40.70. | ||
| $28.80. |
I chose 35.20 but I'm told that is not the correct answer. Help?
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
