Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

A BANK PAYS 7% SIMPLE INTREST ON A ONE -YEAR CD . THE DEPOSITER HAS SAVED $35.00 PER WEEKFOR 52 WEEKS BEFORE DEPOSITING THE MONEY FOR 1 YEAR A: WHAT WILL BE BE THE INTREST ON THE MONEY INVESTED AT THE END OF 1 YEAR/ b: WHAT WILL BE THE TOTAL AMOUNT IN THE ACCOUNT AT THE END OF 1 YEAR OF EARNING INTREST ?

Sagot :

Explanation:

rate 7percent

principal 35

time 52

interest PTR÷100

35*52*7÷100127.4