Question #6199986

Simple Interest Question?

Mr. Patchman wants to invest an inheritance of $8,975 for one year. His credit union offers 4.25% for a one year term or 3.67% for a six month term. b) How much will Mr. Patchman receive after one year if he invested for six months at a time at 3.67% each? Could someone show me a step by step answer for this? Thanks.

2013-05-10 21:32:59

TELL US , if you have any answer

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