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:
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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