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Home Q & A Board Science-Related Homework Help Mathematics
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lcard044 lcard044
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10 months ago
A high-rate savings account pays interest of 2.05%. Interest is calculated on the daily closing balance and paid at the close of business on the last day of the month. A depositor had a $12,245 opening balance on September 1, withdrew $1,100 for a car payment on September 4, and deposited his paycheque for $3,500 on September 18. What interest will be credited to the account at the month's end?

▸ $24.12

▸ $22.29

▸ $23.12

▸ $19.49

▸ $21.51
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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bhturnerbhturner
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10 months ago
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lcard044 Author
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10 months ago
This calls for a celebration Person Raising Both Hands in Celebration
byehoe
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Yesterday
Brilliant ツ
Goku935
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2 hours ago
Good timing, thanks!
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