Question
Petra has forgotten the rate of simple interest she earned on a 120-day term deposit at Scotiabank. At the end of the 120 days, she
Petra has forgotten the rate of simple interest she earned on a 120-day term deposit at Scotiabank. At the end of the 120 days, she received interest of $327.85 on her $20,000 deposit. What rate of simple interest was her deposit earning?
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Investment Risk Management
Authors: Yen Yee Chong
1st Edition
0470849517, 9780470849514
