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Diana Remes deposited an inheritance of $14,550.00 in a bank and earned $485.00 in simple banker's interest at a rate of 8.5%. Find the length
Diana Remes deposited an inheritance of $14,550.00 in a bank and earned $485.00 in simple banker's interest at a rate of 8.5%. Find the length of time the money was on deposit. days. The time of the deposit was (Round to the nearest day.) A person invested $3764 in mutual funds containing bonds. Find the rate, given that she earned $230.10 in 225 days. Use banker's interest with 360 days. The interest rate is %. (Round your answer to the nearest tenth of a percent.) Find the time of the loan. Principal Rate Interest Time $3900 1 10-% 4 $126.81 ? months The time of the loan is months. (Round to the nearest month.) Find the rate. Assume a 360-day year. Principal Time (Days) 3240 220 Rate Interest 90 The interest rate is 1%. (Round to the nearest tenth.)
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