6. Abbi invested $1,000 in a certificate of deposit with a simple interest rate of 4%. Find the interest earned in 8 years. Then find the total of principal plus interest.

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asked Oct 23, 2023 32.8k views

15 votes

6. Abbi invested $1,000 in a certificate of deposit with a simple interest rate of 4%. Find the interest earned in 8 years. Then find the total of principal plus interest.

Mathematics
high-school

Chawana asked

by Chawana

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1 Answer

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Answer:

$1320

Explanation:

4%=0.04

Intrest = 0.04x8

Intrest = 0.32

Intrest = 1000x0.32

Intrest = 320

Then add 1000+320=1320

Kellie answered Oct 28, 2023

by Kellie

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