Matthew's investment in her savings account matured to $5,892.79 at the end of 80 days. If the account was earning simple interest at a rate of 1.70% p.a., answer the following. a. What was Matthew's initial investment? Round to the nearest cent b. How much interest did Matthew earn? Round to the nearest cent
Matthew's investment in her savings account matured to $5,892.79 at the end of 80 days. If the account was earning simple interest at a rate of 1.70% p.a., answer the following. a. What was Matthew's initial investment? Round to the nearest cent b. How much interest did Matthew earn? Round to the nearest cent
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 12P
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