Find Principal to the Nearest Dollar, Rate to the Nearest

question 36

Multiple Choice

Find principal to the nearest dollar, rate to the nearest tenth of a percent, or time to the nearest day. Use banker's interest.
-House of Realty earned $420.00 interest on a $18,000 deposit in an account paying 4%. Find the number of days that the funds were on deposit.

• A)58 days
• B)213 days
• C)315 days
• D)210 days

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