Question

Manda has $1,500 to invest. She invested this money in a certificate of deposit that pays 5.75% over 2 years. How much interest will the certificate deposit pay at the end of the 2-year period?
A.) $172.50

B.) $168.75

C.) $16.88

D.) $17.25

Answer 1

I think its a) 172.50 but im not exactly sure.