(Answered) In 2007 barbara uses the products method to check her bank

Economics

In 2007, Barbara uses the products method to check her bank balance. She calculates that she is receiving interest at the rate of approximately 0.00753% per day.

(a) Basing your calculation on simple interest and giving your answer correct to four significant figures, calculate the annual rate of rate of interest paid to Barbara.

(b) State your answer in (a) rounded to three significant figures.

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Business Economics, Economics

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