Karl invested his savings in a short-term fund that was offering a simple interest rate of 4% p.a. The maturity value of the investment at the end of 330 days was $34,112.21. a. Calculate the principal amount invested. Round to the nearest cent b. Calculate the interest earned during the period. Round to the nearest cent

Karl invested his savings in a short-term fund that was offering a simple interest rate of 4% p.a. The maturity value of the investment at the end of 330 days was $34,112.21. a. Calculate the principal amount invested. Round to the nearest cent b. Calculate the interest earned during the period. Round to the nearest cent

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter18: Life-cycle Costing

Section: Chapter Questions

Problem 7RQ

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