Register

You deposit $3000 in a cd (certificate of deposit) that earns 5.6% simple annual interest. how long will it take to earn $336 in interest?

You deposit $3000 in a cd (certificate of deposit) that earns 5.6% simple annual interest. how long will it take to earn $336 in interest?
155k views
3 votes
You deposit $3000 in a cd (certificate of deposit) that earns 5.6% simple annual interest. how long will it take to earn $336 in interest?

User Stefan Winkler
by
7.4k points

1 Answer

3 votes
it will take 2 years to earn $336 in interest.
User JSPP
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!