SOLUTION: Sue invests $5,000 in a 90-day term deposit that pays three percent simple interest per year.
How much interest will Sue earn from her investment, to the nearest dollar?
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Question 752032: Sue invests $5,000 in a 90-day term deposit that pays three percent simple interest per year.
How much interest will Sue earn from her investment, to the nearest dollar?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
90 days is 1/4 year, so for a 90 day term she will get 1/4 of the interest that the same amount of money would earn in 1 full year.
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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