Top Posters
Since Sunday
2
g
1
D
1
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
nevermind11111 nevermind11111
wrote...
Go to Answer
Posts: 145
Rep: 0 0
A year ago
The Super Savings account offered by a trust company calculates interest daily based on the lesser of each day's opening or closing balance as follows:
Interest rate (%)Amount to which the rate applies
0.50Entire balance when it is between $0 and $2999.99
1.00Entire balance when it is between $3000 and $4999.99
1.25Entire balance when it is between $5000 and $9999.99
1.50Entire balance when it is between 10,000 and $24,999.99
1.75Entire balance when it is between $25,000 and $49,999.99
2.25Entire balance when it is $50,000 or over


September's opening balance was $8572. The transactions in the account for the month were a $9500 deposit on September 6, a deposit of $8600 on September 14, and a withdrawal of $25,000 on September 23. What interest will be credited to the account at the end of September?
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 51 times
1 Reply
Replies
Answer verified by a subject expert
aupadhay287aupadhay287
wrote...
#1
Posts: 139
Rep: 2 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

nevermind11111 Author
wrote...

A year ago
this is exactly what I needed
Brownr40
wrote...

Yesterday
Good timing, thanks!
Fanmkreyol
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  873 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 405
  
 216
  
 207