FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nathan received an academic achievement prize of $2,200 from her college. She deposited this money into a savings account on September 04, 2016. If the

Nathan received an academic achievement prize of $2,200 from her college. She deposited this money into a savings account on September 04, 2016. If the interest accumulated on the investment when she withdraws the money on July 01, 2017 was $63.29, calculate the annual rate of simple interest that the savings account was providing her. %

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

Forecasting Methods And Applications

Forecasting Methods And Applications

Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman

3rd Edition

0471532339, 9780471532330

More Books

Students also viewed these Finance questions

Question

★★★★★
1. A pallet weighing 575 N is lifted a distance of 20.0 m vertically in 10.0 s. What power is developed in kilowatts? 2. A pallet is loaded with bags of cement; the total weight of 875 N is lifted...

Answered: 1 week ago

Question

★★★★★
Suppose that your demand schedule for pizza is as follows: Price Quantity Demanded (income 5 $20,000) Quantity Demanded (income 5 $24,000) $8 40 pizzas 50 pizzas 10 32 45 12 24 30 14 16 20 16 8 12 a....

Answered: 1 week ago

Question

★★★★★
What forms of digital communication do you use regularly?

Answered: 1 week ago

Question

★★★★★
Refer to the sensitivity information for the Kelson Sporting Equipment problem in Figure 8.14 (see Problem 5). a. Determine the objective coefficient ranges. b. Interpret the ranges in part (a). c....

Answered: 1 week ago

Question

★★★★★
Given the following data, what is the Total Capital? Assets = $800,000 Liabilities = $500,000

Answered: 1 week ago

Question

★★★★★
During the 1980s, the American economy benefited from a. the virtual collapse of the Organization of Petroleum Exporting Countries cartel. b. staggering federal budget deficits. c. both staggering...

Answered: 1 week ago

Question

★★★★★
Include references for Die 18f a hotel and that will help address an aspect of sustainability (one of the 3Ps/EES). Explain what this technology is how will it function in a hotel Housekeeping or...

Answered: 1 week ago

Question

★★★★★
A partial ANOVA table summarizing the effect of Drug A on different groups is shown below: Source DF SS MS F P Treatment 5 1489.1 Error 36 543.9 Total Calculate the Mean Square (due to Treatment).

Answered: 1 week ago

Question

★★★★★
Question list Question 1 O Question 2 K Your grandfather would like to share some of his fortune with you. He offers to give you money under one of the following scenarios (you get to choose): 1....

Answered: 1 week ago

Question

★★★★★
By providing examples, explain SIX (6) performance evaluation of account receivables management. a. Discuss the indicator to assess the effectiveness of inventory system in a company. b. If the lead...

Answered: 1 week ago

Question

★★★★★
Next Steps Create a group of 5 members. Get the number of family members of the group. Now, consider samples of size 3 that can be drawn from the data. 1. List all possible samples and solve for each...

Answered: 1 week ago

Question

★★★★★
7. List and discuss five policies that DVC governments might undertake to promote economic development and expansion of income per capita in their countries? LO42.4

Answered: 1 week ago

Question

★★★★★
5. Return to problem 3 and assume that the exchange rate is fixed at 110. In year 1, what would be the minimum initial size of the U.S. reserve of loonies such that the United States could maintain...

Answered: 1 week ago

Question

★★★★★
4. Suppose that the current Canadian dollar (CAD) to U.S. dollar exchange rate is $0.85 CAD = $1 US and that the U.S. dollar price of an Apple iPhone is $300. What is the Canadian dollar price of an...

Answered: 1 week ago

Previous Question Next Question