Question
On April 1st, Theresa O'Malley deposited a check for $9,364.85 in a savings account that pays 4% simple interest calculated on a daily basis.On April
On April 1st, Theresa O'Malley deposited a check for $9,364.85 in a savings account that pays 4% simple interest calculated on a daily basis.On April 6th, she withdrew $2000.On April 20, she withdrew another $2000.Finally, on April 28th, she deposited $525.25.On April 30th, the bank calculated the interest for the month?How much simple interest did the account earn?
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Financial Accounting
Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
17th edition
978-1259692390
