Jerome deposits $4,700 in a certificate of deposit that pays 6 1/2% interest, compounded annually. How much interest does Jerome earn in one year? show the work

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Gruffy asked Mar 5, 2022

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Jerome deposits $4,700 in a certificate of deposit that pays 6 1/2% interest, compounded annually. How much interest does Jerome earn in one year? show the work

Mathematics
high-school

Gruffy asked Mar 5, 2022

by Gruffy

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26 votes

Answer:

$305.5

Explanation:

Jacquelynn answered Mar 8, 2022

by Jacquelynn

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