Question

This is a 4th grade level

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).

Answer 1

126

Explanation:

1200 x .021=25.20 interest per year

25.20x5=126

assumes no compounding