Bob Kashir deposited $6000 in a 4-year certificate of deposite paying 5% compounded daily.He withdrew the money 15 months later.The passbook rate at his bank is 3.5 % compounded daily.Find his amount of interest
Answer: D) 6210.73
Bob receives 15-3 = 12 months of 3.5 % interest compounded daily
There are two numbers such that the sum of twice the first number and thrice the second number is 300 and the sum of thrice the first number and twice the second number is 265. Which is the largest number ?