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Donna put $450 into a 6-month certificate of deposit that earns 4.6% simple annual interest. How much interest did the certificate earn? 15 pts plz help
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Donna put $450 into a 6-month certificate of deposit that earns 4.6% simple annual interest. How much interest did the certificate earn? 15 pts plz help

User Talat
by
7.8k points

2 Answers

5 votes

Answer:

10.35

Explanation:

i did it on edg

User Jfrohn
by
7.9k points
5 votes
$450*4.6%=$20.70 interest for 1 year
$20.7 divided by 2=$10.35 interest earned on a 6 month certificate of deposit
User Aminesrine
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7.5k points
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