The interest earned on a USD 5,000,000.oo money market deposit for 184 days is USD 12,500.00. What was the interest rate?
A) 0.470%
B) 0.196%
C) 0.500%
D) 0.169%

Name: The interest earned on a USD 5,000,000.oo money market deposit for 184 days is USD 12,500.00. What was the interest rate? A) 0.470% B) 0.196% C) 0.500% D) 0.169%
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

The Answer of The interest earned on a USD 5,000,000.oo money market deposit for 184 days is USD 12,500.00. What was the interest rate?
A) 0.470%
B) 0.196%
C) 0.500%
D) 0.169%

The Interest Earned on a USD 5,000,000