Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When deposited in the bank, get $ 16,250 at 8.5% in 35 days and $ 8,700 in 68 days at 11.2% interest equal to interest
When deposited in the bank, get $ 16,250 at 8.5% in 35 days and $ 8,700 in 68 days at 11.2% interest equal to interest received;
In a system where real interest is applied, in how many days these principals are brings?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started