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Find the interest for a six-year CD for $5000 at an interest rate of 4%, compounded annually.

Find the interest for a six-year CD for $5000 at an interest rate of 4%, compounded annually.
asked 205k views
5 votes
Find the interest for a six-year CD for $5000 at an interest rate of 4%, compounded annually.

asked
User Pravin Tate
by
8.8k points

1 Answer

2 votes

Answer:

18

Explanation:

180X10=1800

1800/100=18

answered
User Stevetronix
by
8.2k points
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