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You can earn 3% interest on a CD and 1.25% interest on a savings account. How much more interest will the CD earn for one year if you make a deposit of $1,650? Financial Lit, please help!!
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You can earn 3% interest on a CD and 1.25% interest on a savings account.

How much more interest will the CD earn for one year if you make a deposit of
$1,650?



Financial Lit, please help!!

User Singrium
by
7.4k points

1 Answer

6 votes

Answer:

The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.

User ByteSlinger
by
8.4k points
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