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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asked Mar 25, 2023 109k views

5 votes

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

Xeaza asked

by Xeaza

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6 votes

Answer: $360

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

Amir Sherafatian answered Mar 30, 2023

by Amir Sherafatian

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