Suppose Grace wanted to invest an amount of 25,000.00 for 2 years at a financial institution that gives a simple interest of 3% per year.
Suppose Grace wanted to invest an amount of 25,000.00 for 2 years at a financial institution that gives a simple interest of 3% per year. The interest rate was given to Monica by the financial institution on the assumption that he cannot withdraw the investment within the 2-year period. How much is Monica's earning on the investment after the 2-year period?
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Authors: Mary Carey, Jane Towers Clark, Cathy Knowles
1st Edition
0199587418, 978-0199587414
