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Naomi wants to deposit a cheque for $2,000 into her premium-rate savings account that pays interest ...

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Naomi wants to deposit a cheque for $2,000 into her premium-rate savings account that pays interest ...

Naomi wants to deposit a cheque for $2,000 into her premium-rate savings account that pays interest of 3.15%. Interest is calculated on the daily closing balance and paid at the close of business on the last day of the month. If Danica already has $8,000 in her savings account on August 1 and does not make any withdrawals, how much interest would she earn for the month of August if she deposited the cheque on August 21?

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Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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raihala49

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More solutions for this book are available here

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Pois0n Author

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Thanks for your help!!

alpheratz

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Smart ... Thanks!

Danivalda

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This helped my grade so much Perfect

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