## Karen deposited $5,000 as a certificate of deposit (CD) in a bank for a period of 3 years. The CD pays simple interest of 15% per year and p

Question

Karen deposited $5,000 as a certificate of deposit (CD) in a bank for a period of 3 years. The CD pays simple interest of 15% per year and pays interest every 6 months. How much interest does she get every 6 months?

$

in progress
0

Math
3 weeks
2021-10-03T11:58:36+00:00
2021-10-03T11:58:36+00:00 1 Answer
0
## Answers ( )

Answer:5000 * .15 x 1/2 = $375 each 6 months