Question

NEED HELP ASAP PLEASE

Sue bought a six-month CD for $2000.She said that at maturity it paid $85.00
in interest. Assume that this was simple interest, and determine the APR.
______%

Answer 1

8.5%

Explanation:

I=PRT

85= 2000*r*0.5

85=1000r

0.085=r

8.5%