You have 1200 invested in a term deposit earning 38 per


Question - You have $1,200 invested in a term deposit earning 3.8% per annum, payable at the end of the three year term of the deposit.

Calculate the simple interest earned on the deposit over the term of the deposit.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: You have 1200 invested in a term deposit earning 38 per
Reference No:- TGS02891503

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)