Question

Question 1 [5 points] Agnessa has forgotten the rate of simple interest she earned on a eight-month term deposit at the bank. At the end of the eight-month period, she received interest of $268.80 on her $16,800.00 deposit. What monthly rate of simple interest did her deposit earn? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% Monthly interest rate = 0.00 % Question 2 [5 points] Raisel was charged $249.50 interest on her bank loan for the period March 4 to April 16 of the same year. If the annual rate of interest on her loan was 7.00%, what was the outstanding principal balance on the loan during the period? For full marks your answer(s) should be rounded to the nearest cent. Click here for help computing the number of days between two dates. Outstanding principal balance = $ 0.00

          Question 1 [5 points]
Agnessa has forgotten the rate of simple interest she earned on a eight-month term deposit at the bank. At the end of the eight-month period, she received interest of $268.80 on her $16,800.00 deposit. What monthly rate of simple interest did her deposit earn? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%
Monthly interest rate = 0.00 %
Question 2 [5 points]
Raisel was charged $249.50 interest on her bank loan for the period March 4 to April 16 of the same year. If the annual rate of interest on her loan was 7.00%, what was the outstanding principal balance on the loan during the period? For full marks your answer(s) should be rounded to the nearest cent.
Click here for help computing the number of days between two dates.
Outstanding principal balance = $ 0.00

Question 1 [5 points]
Agnessa has forgotten the rate of simple interest she earned on a eight-month term deposit at the bank. At the end of the eight-month period, she received interest of 268.80 on her16,800.00 deposit. What monthly rate of simple interest did her deposit earn? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%
Monthly interest rate = 0.00 %
Question 2 [5 points]
Raisel was charged 249.50 interest on her bank loan for the period March 4 to April 16 of the same year. If the annual rate of interest on her loan was 7.00%, what was the outstanding principal balance on the loan during the period? For full marks your answer(s) should be rounded to the nearest cent.
Click here for help computing the number of days between two dates.
Outstanding principal balance = 0.00

Added by Courtney S.

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