Register

You deposit $3000 in a cd (certificate of deposit) that earns 5.6% simple annual interest. how long will it take to earn $336 in interest?

You deposit $3000 in a cd (certificate of deposit) that earns 5.6% simple annual interest. how long will it take to earn $336 in interest?
asked 155k views
3 votes
You deposit $3000 in a cd (certificate of deposit) that earns 5.6% simple annual interest. how long will it take to earn $336 in interest?

asked
User Stefan Winkler
by
7.4k points

1 Answer

3 votes
it will take 2 years to earn $336 in interest.
answered
User JSPP
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!