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Alex invested $400 in a CD that pays 3% simple interest, calculated semiannually. How much money will Alex earn in 2 years?

Alex invested $400 in a CD that pays 3% simple interest, calculated semiannually. How much money will Alex earn in 2 years?
asked 16.2k views
1 vote
Alex invested $400 in a CD that pays 3% simple interest, calculated semiannually. How much money will Alex earn in 2 years?

asked
User Lona
by
8.1k points

2 Answers

2 votes

Answer:

$24

Explanation:

answered
User Surie
by
8.3k points
1 vote
$24
Apex cuhhhh i just guessed and got it right XD

answered
User Masuk Helal Anik
by
7.9k points
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