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PLEASE HELPPPPP Ethan puts $1200 into a Certificate of Deposit (CD) account that earns 2.1% interest each year. What will be the interest of the CD account earned after 5 years? Round to the nearest cent
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PLEASE HELPPPPP

Ethan puts $1200 into a Certificate of Deposit (CD) account that earns 2.1% interest each year. What will be the interest of the CD account earned after 5 years? Round to the nearest cent (hundredths place).

User Vitor Hugo
by
7.4k points

1 Answer

3 votes

Answer:

126

Explanation:

1200x.021=25.20 interest per year

25.20 x 5 years = 126

assumes no compounding

User Ggeorge
by
8.0k points
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