Jerome deposits $3500 in a certificate of deposits that pays 1.8% interest compounded annually. How much Interest does jerome earn in 1 year?

asked May 15, 2022 55.3k views

3 votes

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6 votes

3,500(1.8%) = 63

Jerome will earn 63 more dollars in the next year.

$3,563

Ahmed Abobakr answered May 18, 2022

4.2k points

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