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Posted by on Wednesday, July 10, 2013 at 3:31pm.

When I worked this problem out I got the answer $250.80. It was graded wrong.

Can you explain what I did wrong.

A deposit of $8,000 at 9.5% for 120 days $

  • math - , Wednesday, July 10, 2013 at 4:50pm

    Interest = Principal times rate times time

    I = 8,000 * 0.095 * 0.32876

    I = 249.99

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