This topic contains a solution. Click here to go to the answer

Author Question: Find the effective rate of interest to the nearest hundredth percent if 60.94 is earned in one year ... (Read 381 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
Find the effective rate of interest to the nearest hundredth percent if 60.94 is earned in one year on a deposit of 975.

Question 2

Pedro's check register showed a balance of 550.94. His bank statement listed three items that did not appear in his register: earned interest of 4.36, a service charge of 5.50, and an ATM withdrawal of 150. Reconcile Pedro's check register.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rachel

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

6.25

Answer to Question 2

399.8




Mr. Wonderful

  • Member
  • Posts: 866
Reply 2 on: Jun 24, 2018
Wow, this really help


miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

For a complete list of videos, visit our video library