question archive A person deposits 15,000 TLinto a time deposit account
A person deposits 15,000 TLinto a time deposit account
Subject:FinancePrice:2.86 Bought15
A person deposits 15,000 TLinto a time deposit account. Maturity is 92 days and interest rate is 14%. What is the amount of interest received in 92 days?
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Amount deposited = 15,000 TL
Interest rate = 14%
Number of days = 92 days
Amount of interest = Amount deposited × Interest rate × Number of days/365
= 15,000 TL × 14% × 92/365
= 529.32 TL
The amount of interest received in 92 days is 529.32 TL
