Flaminggorilla Flaminggorilla

16-05-2017
Mathematics

contestada

After 3 years, Remington earned $390 in simple interest from a CD into which he initially deposited $4000. What was the annual interest rate of the CD?

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Aliwohaish12 Aliwohaish12

16-05-2017

R=I/pt
R=(390÷(4,000×3))×100
R=3.25%

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