dwaynearmandlangford dwaynearmandlangford

09-03-2020
Mathematics

contestada

Karen deposited $5,000 as a certificate of deposit (CD) in a bank for a period of 3 years. The CD pays simple interest of 15% per year and pays interest every 6 months. How much interest does she get every 6 months?
$

Respuesta :

matthewpitts matthewpitts

09-03-2020

Answer:

5000 * .15 x 1/2 = $375 each 6 months

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