Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jodie deposited $1250 in a fixed-term deposit account with a simple interest rate of 6% per annum. She withdrew her money after it had earned

image text in transcribed
Jodie deposited $1250 in a fixed-term deposit account with a simple interest rate of 6% per annum. She withdrew her money after it had earned $141.36 in interest. For how many months had her money been invested

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Day Trading Cardinal Rules For Passive Income

Authors: Brian Stclair

1st Edition

1539480313, 978-1539480310

More Books

Students also viewed these Finance questions