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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asked Jun 12, 2023 133k views

5 votes

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!!

Business
college

Singrium asked

by Singrium

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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.

ByteSlinger answered Jun 17, 2023

by ByteSlinger

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