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How much simple interest would be earned on a certificate of deposit worth $2,000 over a period of 5 years with an interest rate of 2%?

How much simple interest would be earned on a certificate of deposit worth $2,000 over a period of 5 years with an interest rate of 2%?
asked 172k views
3 votes
How much simple interest would be earned on a certificate of deposit worth

$2,000 over a period of 5 years with an interest rate of 2%?

asked
User Ian Oakes
by
8.5k points

2 Answers

2 votes

Answer:

$200

Explanation:

answered
User Dharminder
by
8.7k points
5 votes
208.16 is the answer
answered
User Oisdk
by
8.1k points
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