Heather plans to invest $5,000 for 8 years. Capitol Bank offers an 8 year CD at an annual rate of 5% using simple interest. How much is his

Question

Heather plans to invest $5,000 for 8 years. Capitol Bank offers an 8 year CD at an annual rate of 5% using simple interest. How much is his invest worth at the end of the 8 years?

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Autumn 2 weeks 2021-09-15T07:02:20+00:00 1 Answer 0

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    2021-09-15T07:03:30+00:00

    Answer:

    16000

    Step-by-step explanation:

    .05*8=.40

    5,000*8=40000

    40000*.40= 16000

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