andrewdriscoll1 andrewdriscoll1

19-02-2018
Business

contestada

Alex invested $400 in a CD that pays 3% simple interest, calculated semiannually. How much money will Alex earn in 2 years?

Respuesta :

Аноним Аноним

19-02-2018

S.I. = P * R * T / 100
I = 400 * 3 * 2 /100
I = 2400 / 100
I = 24

In short, Your Answer would be $24

Hope this helps!

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