If $40.52 interest accrued on a $1000 certificate of deposit from January 15, 2008 to July 7, 2008, what rate of simple interest did the certificate of deposit earn?
Correct Answer:
Verified
Q14: How much interest accrued from November 30,
Q15: An $85,000 investment earned a 6.9% rate
Q16: $850 borrowed on January 7, 2008 was
Q17: The interest rate on $27,000 borrowed on
Q18: A $14,400 loan taken out on May
Q20: What was the principal amount of a
Q21: On June 26 Laura put $2750 into
Q22: Raimo borrowed $750 from Chris on October
Q23: On June 26, 2011, $1000 was borrowed
Q24: $1000 was invested on April 18, 2011
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents