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PLEASE HELP Liam wants to deposit a $2,300 bonus cheque Into his high-rate savings account that pays Interest of 3.15%. Interest is calculated on the
PLEASE HELP
Liam wants to deposit a $2,300 bonus cheque Into his high-rate savings account that pays Interest of 3.15%. Interest is calculated on the daily closing balance and paid at the close of business on the last day of the month. If Liam's current balance is $9,055 and he does not make any withdrawals, what interest will he earn on his savings account for the month of March by depositing the cheque on March 11? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.) Interest earned 28.20 Step by Step Solution
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