Tajh C.

asked • 09/15/13

Use the Banker’s rule!

Starting with $2,000 on March 3, you deposit $500 23 days from March 3, withdraw $800 69 days from March 3, and deposit $600 121 days from March 3. If your final balance is $2,458 150 days from March 3, what is the simple interest rate for your account? 

1 Expert Answer


Andre W. answered • 09/15/13

5 (3)

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