Answer:How much interest will I earn in a CD? It depends on the interest rate the bank offers and how long the CD's term is. Here's an example: $5,000 invested in a 3-year CD with a 0.80% APY would earn about $120 by the end of the term.
Step-by-step explanation:
Answer:
its the second one just took the test
R 694.4
Explanation:
simple interest = → → R 134.4
where p refers to principal, r refers to rate, t refers to time.
total money:
invested money + simple interest
R 134.4 + R 560 → R 694.4