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What annual rate of simple interest did the deposit earn

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Reference no: EM132873625

Question 1: A five-month term deposit of $10,000 at the Scotiabank earned $175 in interest. What annual rate of simple interest did the deposit earn?

Question 2: What amount would have to be invested at a simple interest rate of 2.85% to grow to $2529.28 in 150 days?

Question 3: An investment promises two payments of $500, on dates 3 and 6 months from today. If the return on investment is 9%: What is the value of the investment today?

 

Reference no: EM132873625

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