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Item 17 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? Item 17 You deposit $3000 in a CD (certificate of deposit)
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Item 17 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? Item 17 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?

User Kondal
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1 Answer

6 votes

Answer:

5.6% of $3000 is 168.

168×2=336.

So 2 annual is the answer

User TwistedOwl
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3.6k points
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