Tuesday
March 31, 2015

Homework Help: MATH

Posted by RUBY on Saturday, March 17, 2012 at 2:43am.

A customer has a balance of $1,350. Interest is paid at the end of 12 months. Assuming the balance remains at $1,350 for all 12 months, how much interest will be earned after 12 months if the interest rate on the account is 5.5%?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Word problem - suppose you deposit $350 in a bank account that pays 6% annual ...
FIN - After 12 months of making extra payments, what will be the loan balance? ...
social studies - The Some Interest Credit Company provides loans to customers at...
math - Suppose you deposit $350 in a bank account that pays 6% annual simple ...
IT - The No Interest Credit Company provides zero-interest loans to customers. ...
computers - Th e No Interest Credit Company provides zero-interest loans to ...
pre-algebra - After earning interest the balance of an account is $420. The new ...
math - Aarthi borrowed $18,500 at 5%p.a from her father tostart her software ...
programming logic - The No Interest Credit Company provides zero-interest loans ...
MATH - Consider an amortized loan of $10,000 ( with 10.0% interest compounded ...

Members