Question

Taryn's mother is setting up a college fund account for Taryn. Taryn is 8 year old. Taryn's mother will deposit 8,000 in a CD that earns 4% simple interest annually. How much interest will the college account earn over a 12-year period.

Answer 1

Answer:Q. Ann puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year? ... Q. Emilio borrows $1200 from a bank with 8% simple interest per year. ... Taryn's mother is setting up a college fund account for Taryn. ... Taryn's mother will deposit $8,000 in a CD that earns 4% simple interest annually.

$3,660.10

Explanation: