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31 March, 06:49

You put $3000 in a CD (certificate of deposit) at the promotional rate of 5.6% simple interest. How long will it take to earn $336 in interest?

It will take how many years?

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  1. 31 March, 10:41
    0
    2 years

    Step-by-step explanation:

    I=prt

    336=3000 x. 056 x t

    336 = t x 168

    336/168=t

    t = 2 years
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