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Corey invested $800 in a CD at a simple interest rate. After 24 months, his account was worth $1000. How much interest did he earn? What was his interest rate?

Corey invested $800 in a CD at a simple interest rate. After 24 months, his account was worth $1000. How much interest did he earn? What was his interest rate?
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11 votes
Corey invested $800 in a CD at a simple interest rate. After 24 months, his account was worth $1000.

How much interest did he earn?

What was his interest rate?

User Maneesh Parihar
by
7.4k points

1 Answer

11 votes

Answer:

made 25%

Explanation:

User Nestoro
by
8.1k points
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