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Calculate the simple interest on a deposit of $100,000.00, for a term of 6 months (February to July) and an interest rate of 11%.

Calculate the simple interest on a deposit of $100,000.00, for a term of 6 months (February to July) and an interest rate of 11%.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS

4.-
Calculate the simple interest on a deposit of $100,000.00, for a term of 6 months (February to July) and an interest rate of 11%.

Note:
In the image, this is the original exercise, it is in Spanish, but it is easy to understand.

Very important Note:
It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.

take 360 days as a year, (commercial year)

Calcula el interés simple de un depósito de $100,000.00, a un plazo de 6 meses (febrero a julio) y una tasa de interés de 11%.
Transcribed Image Text:Calcula el interés simple de un depósito de $100,000.00, a un plazo de 6 meses (febrero a julio) y una tasa de interés de 11%.
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