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Mark snyder deposited $2200 in a six month CD that pays 4.5% simple annual interest. how much interest did he earn at the term?

Mark snyder deposited $2200 in a six month CD that pays 4.5% simple annual interest. how much interest did he earn at the term?
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5 votes
mark snyder deposited $2200 in a six month CD that pays 4.5% simple annual interest. how much interest did he earn at the term?

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User Shebelaw
by
8.6k points

1 Answer

6 votes
I=prt
I=2200*0.045*6/12
I=49.5
answered
User Patapoom
by
8.2k points
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