You invest $15,000 on December 2,2010 at a simple interest rate of r = 6%.Interest is to be calculated using ordinary interest (banker's rule).What is the accumulated value of your investment on June 12,2011?
A)$15,407.50
B)$15,473.42
C)$15,477.53
D)$15,480.00

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The Answer of You invest $15,000 on December 2,2010 at a simple interest rate of r = 6%.Interest is to be calculated using ordinary interest (banker's rule).What is the accumulated value of your investment on June 12,2011?
A)$15,407.50
B)$15,473.42
C)$15,477.53
D)$15,480.00

You Invest $15,000 on December 2,2010 at a Simple Interest