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kenny6666 [7]
3 years ago
15

How much simple interest would be earned on a certificate of deposit worth

Mathematics
1 answer:
Maru [420]3 years ago
5 0

Answer:

Step-by-step explanation:

The simple interest formula is I = prt, where I is the interest earned, p is the initial investment, r is the interest rate as a decimal, and t is the time in years. Filling in according to our info:

I = 2000(.02)(5) so

I = 200

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