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Karen depostited $5000 as a certificate of deposit in a bank for a period of 3 years. The certificate or deposit pays a simple interest of 15% per year and pays interest every 6…

Karen depostited $5000 as a certificate of deposit in a bank for a period of 3 years. The certificate or deposit pays a simple interest of 15% per year and pays interest every 6…
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Karen depostited $5000 as a certificate of deposit in a bank for a period of 3 years. The certificate or deposit pays a simple interest of 15% per year and pays interest every 6 months. How much interest does she get every 6 months

asked
User Revolutionary
by
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1 Answer

4 votes

Answer:

15% per year

7.5% half year

5000 * 7.5% = $375 every 6 months.

Explanation:


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User Lyes
by
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