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Home Q & A Board Science-Related Homework Help Mathematics
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trixr4kids trixr4kids
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A year ago
A bank pays a simple interest rate of 4.1% on 30 to 179-day GICs of at least $100,000. What is the effective annualized rate of return:


a) On a 40-day GIC?
b) On a 160-day GIC?

Calculate percentages accurate to the nearest 0.01%.
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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itnow96itnow96
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A year ago
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trixr4kids Author
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A year ago
Helped a lot
linlinlin
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Yesterday
Thanks for your help!!
dearsophia21
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2 hours ago
Thanks
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