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1. You have a CD account at local bank. Your opening balance is $9000. The compound interest rate that bank is paying you 0.70% annually. A) What is the interest earned after 6 years?
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1. You have a CD account at local bank. Your opening

balance is $9000. The compound interest rate that bank is
paying you 0.70% annually.
A) What is the interest earned after 6 years?

1. You have a CD account at local bank. Your opening balance is $9000. The compound-example-1
User Zielu
by
5.7k points

1 Answer

9 votes

Answer:

$378

Explanation:

(9000 x 0.70%) * 6 = 378

User Feona
by
5.6k points
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