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?
$

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3 weeks 2021-10-03T11:58:36+00:00 1 Answer 0

Answers ( )

  1. Emma
    0
    2021-10-03T11:59:47+00:00

    Answer:

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

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