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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Definitions:

Household Workers

Employees who perform domestic service in a home, such as cleaners, maids, and gardeners.

FUTA Tax

A federal tax imposed on employers to fund state workforce agencies and unemployment insurance.

Unemployment Tax Payments

Taxes paid by employers to fund state unemployment insurance programs, helping to provide benefits to unemployed workers.

Under-Withheld

A situation where not enough taxes have been taken out of an individual's paycheck, leading to a potential tax bill.