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Calculate the simple interest on a deposit of $100,000.00, for a term of 6 months (February to July) and an interest rate of 11%.

Calculate the simple interest on a deposit of $100,000.00, for a term of 6 months (February to July) and an interest rate of 11%.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS

4.-
Calculate the simple interest on a deposit of $100,000.00, for a term of 6 months (February to July) and an interest rate of 11%.

Note:
In the image, this is the original exercise, it is in Spanish, but it is easy to understand.

Very important Note:
It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.

take 360 days as a year, (commercial year)

Calcula el interés simple de un depósito de $100,000.00, a un plazo de 6 meses (febrero a julio) y una tasa de interés de 11%.
Transcribed Image Text:Calcula el interés simple de un depósito de $100,000.00, a un plazo de 6 meses (febrero a julio) y una tasa de interés de 11%.
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