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Find the simple interest earned on a four year CD on a deposit of $2,000.00 with an interest rate of 2.25%. Show all work.

Find the simple interest earned on a four year CD on a deposit of $2,000.00 with an interest rate of 2.25%. Show all work.
asked 156k views
8 votes
Find the simple interest earned on a four year CD on a deposit of $2,000.00 with an interest rate of 2.25%. Show all work.

asked
User John Sykor
by
7.4k points

2 Answers

9 votes

Answer:

I=2000×2.25%×4

I=180

answered
User Livibetter
by
8.6k points
1 vote

Answer:

$2.19

Explanation:

answered
User Ryan Turnbull
by
7.9k points
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