Nate placed $1800 in a one-year CD at the bank. The bank is paying simple interest of 5% for one year on the CD. How much interest will Nate earn in one year?

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StUrb asked Apr 11, 2023

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Nate placed $1800 in a one-year CD at the bank. The bank is paying simple interest of 5% for one year on the CD. How much interest will Nate earn in one year?

Mathematics
high-school

StUrb asked Apr 11, 2023

by StUrb

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Answer: $360

Step-by-step explanation: $1800 divided by 5 equals $360 in one year. Hope it helps! :)

Npostavs answered Apr 16, 2023

by Npostavs

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