How Much Must Be Placed in a 5-Month Term Deposit

question 198

Short Answer

How much must be placed in a 5-month term deposit earning 4.3%, simple interest, in order to earn $500 interest?

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Definitions:

Inner Lining

Referring to the interior surface covering or layer of an organ or structure, often associated with protective or absorptive functions.

Submucosa

A layer of dense irregular connective tissue beneath the mucosa that supports glands, blood vessels, and nerves.

Supporting Rings

are structural components found in various anatomical parts, such as the trachea, that maintain shape and provide support.

Hyaline Cartilage

A type of strong yet flexible cartilage found in various parts of the body such as the joints, rib cage, and nose, noteworthy for its glossy, translucent appearance.