Question

CAN SOMEONE PLZ HELP ME!! I'VE POSTED THIS LIKE 3 TIMES!!

Suppose you were to invest $150 in a CD that pays simple interest, calculated quarterly. The annual interest rate is 6%. How much interest will you earn after 2 years?

Answer 1

Answer: You should get $18 in interest fees.

Step-by-step explanation: I did is/of = %/100.

So 150 times 6 = 900. 900/100 = 9.

9 + 9 = 18.