Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. how much money must be deposited to earn $258 in s

How much money must be deposited to earn $258 in simple interest in 4 months...

70.2K

Verified Solution

Question

Accounting

image
How much money must be deposited to earn $258 in simple interest in 4 months at an annual rate of 6.6%? D Question 34 3 pts On February 1, the balance in your account is $582.98. On July 1, you deposit $355.91. Your bank pays 6.4% interest that is calculated on the last day of the month. What is the amount in your account on July 1, after your deposit? 3 pts Question 35 On June 1 Charity deposited $540 into a savings account that earns an annual interest rate of 4.7%. At the end of November, the bank calculated her interest earnings and added it to her account. How much simple interest did Charity earn from June through November

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students