If a 6 month term deposit at a bank pays a simple interest of 3%, how much will have to be deposited to earn $18 000?   Question 9 options:   A)  $270   B)  $1 200 000   C)  $600 000   D)  $120 000   E)  $540

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...
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If a 6 month term deposit at a bank pays a simple interest of 3%, how much will have to be deposited to earn $18 000?
 

Question 9 options:

 

A) 

$270
 

B) 

$1 200 000
 

C) 

$600 000
 

D) 

$120 000
 

E) 

$540

 

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