Question

if serena invested the 2500 in the cd that she yields at 4% interest, what will the cdbe worthafte 2 years?

Answer 1

Your answer would be 2500

Answer 2

Your answer would be 2700

Using I=P*r*t

P= 2500

R= 4% (substitue to 0.04)

T= 2 Years

I= 2500* 0.04 * 2

I= 100* 2

I= 200

2500+200=

2700