Andrew invested $213 for 15 months in a bank and received a maturity amount of $239.50. If he had invested the amount in a fund earning 3.60% p.a. more, how much would he have had received at maturity? $0.00 Round to the nearest cent

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
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What’s the maturity value
Andrew invested $213 for 15 months in a bank and received a maturity amount of
$239.50. If he had invested the amount in a fund earning 3.60% p.a. more, how much
would he have had received at maturity?
$0.00 X
Round to the nearest cent
Transcribed Image Text:Andrew invested $213 for 15 months in a bank and received a maturity amount of $239.50. If he had invested the amount in a fund earning 3.60% p.a. more, how much would he have had received at maturity? $0.00 X Round to the nearest cent
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