Register
How much simple interest would be earned on a certificate of deposit worth $2,000 over a period of 5 years with an interest rate of 2%?
172k views
3 votes
How much simple interest would be earned on a certificate of deposit worth

$2,000 over a period of 5 years with an interest rate of 2%?

User Ian Oakes
by
7.7k points

2 Answers

2 votes

Answer:

$200

Explanation:

User Dharminder
by
8.0k points
5 votes
208.16 is the answer
User Oisdk
by
8.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.2m questions

10.8m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!