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2 years ago

13

If you deposit $200 into a CD (Certificate of Deposit) with an interest rate of 1% for 3 years, how much simple interest will yo

u earn after
THREE years?
O $1
$5
$6
$25

1 answer:

Korvikt [17]2 years ago

8 0

Answer:

$6

Step-by-step explanation:

A=P(1+i.n)

A=200(1+0.01.x 3)

A=206

Thus 206 - 200 = $6

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