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inna [77]
3 years ago
12

Mr. Vedra deposited $1,200 in a certificate of deposit (CD) at an interest rate of 5.5%. He earned $198 in simple interest. How

long was the CD for?
Mathematics
1 answer:
UkoKoshka [18]3 years ago
4 0

Answer: 3 (include unit in your answer, as it was not mentioned in question)

Step-by-step explanation:

5.5% of 1200 =

1200/100 x 5.5 = 66

Time = 198/66 = 3

put the units in, if its 5.5% per annum or months or days, since it wasnt mentioned in the question :)

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