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Author Question: CentSmart Inc. deposited $83 215 into an account that had a simple interest rate of 2.3% on February ... (Read 80 times)

Diane

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Question 1

On Christmas day, Sebastian deposited the $265 he got in a savings account that had a simple interest rate of 1.7% p.a. By next Christmas, how much interest was earned and paid into his account?

Question 2

CentSmart Inc. deposited $83 215 into an account that had a simple interest rate of 2.3% on February 27th, 2015. On New Year's Eve, how much interest had been earned on that deposit?


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Marked as best answer by Diane on Jun 6, 2019

diana chang

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