QUESTION 1 A term deposit of 10 months at 4 per year paid 82

Last updated: 6/6/2023

QUESTION 1 A term deposit of 10 months at 4 per year paid 82 simple interest on maturity Calculate the principal invested Round your answers to 3 decimal places For example if your answer is 500 2314 round to 500 231 QUESTION 2 Stefan cashed a 1758 simple interest CSB with an annual rate of 5 He received 874 in interest during the time he held the bond How long did he hold the bond in years Round your answer to 1 decimal place For instance if it is 10 231 years then your answer would be 10 2 years QUESTION 3 John s simple interest savings account had a balance of 1203 during the month of January At the end of the month he received 1 39 in interest The interest is calculated daily What rate of interest is John s account paying Round your answer to 2 decimal places For instance if it is 1 643 then the rate is rounded to 1 64