Question
On March 13, 2020, Amy deposited $P in an account that paid 5.31% per annum simple interest. On September 28, 2020, she withdrew $7,250 from
On March 13, 2020, Amy deposited $P in an account that paid 5.31% per annum simple interest. On September 28, 2020, she withdrew $7,250 from the account and the balance in the account was $3,500. Find the initial deposit $P using the Bankers rule.
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
