ACI
3I0-012 · Question #328
The interest earned on a USD 5,000,000.oo money market deposit for 184 days is USD 12,500.00. What was the interest rate?
The correct answer is D. 0.169%. See the full explanation below for the reasoning.
Question
The interest earned on a USD 5,000,000.oo money market deposit for 184 days is USD 12,500.00. What was the interest rate?
Options
- A0.470%
- B0.196%
- C0.500%
- D0.169%
How the community answered
(62 responses)- A10% (6)
- B2% (1)
- C5% (3)
- D84% (52)
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