Working with Actual Interest Earned Daniela puts $550 in a CD that earns 3.5% APR, compounded quarterly, for 2 years. She is taxed at a rate of 15% on the interest she earns. The total amount of interest

Working with Actual Interest Earned

Daniela puts $550 in a CD that earns 3.5% APR, compounded quarterly,
for 2 years. She is taxed at a rate of 15% on the interest she earns.
The total amount of interest is $33.75.
What percentage of the original principal is this?

Working with Actual Interest Earned Daniela puts $550 in a CD that earns 3.5% APR-example-1

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Working with Actual Interest Earned Daniela puts $550 in a CD that earns 3.5% APR, compounded quarterly, for 2 years. She is taxed at a rate of 15% on the interest she earns. Th…

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