SOLUTION: A money market fund advertises a simple interest rate of 5%. Find the total amount received on an investment of $3000 for 18 months.
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Question 320405: A money market fund advertises a simple interest rate of 5%. Find the total amount received on an investment of $3000 for 18 months.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
3000*.05*1.5=$225 earned
total received= $3225
hard to tell which they are asking for the way it is written.
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