allb4598 allb4598
  • 19-04-2022
  • SAT
contestada

Assume a six-month cd purchased for $5000 pays simple interest at an annual rate of 9.5%. how much interest does it earn?

Respuesta :

ThatGirlKell
ThatGirlKell ThatGirlKell
  • 21-04-2022

Answer:

$3,157.89

Explanation:

Divide 5000 by 9.5%, times 6.

Hope this helps <3

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