Technical college earned 3445553 in state aid on september, Ask an Expert

Finance

A. Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The Vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. How much interest will the College earn on the investment?

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Category:- Basic Finance
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