(Answered) Jenez uses the products method to check the interest on her

Management Studies

Jenez uses the products method to check the interest on her savings account. She calculates that she is receiving interest at the rate of approximately 0.015% per day.

Calculate:

(a) the annual rate of simple interest paid to Ellie

(b) the interest earned on a balance of £12,000:

(i) for two days

(ii) for two years.

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Business Management, Management Studies

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