Mathematics

Malaki Navarro

28 July, 22:22

Mika invested $200 into a certificate of deposit. After 6 months, the balance was $220. What was the interest rate on the deposit?

I = prt

20 = (200) (r) (0.5)

A. 10%

B. 20%

C. 40%

D. 50%

+5

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