Ask Question
19 November, 09:10

Abbi invested $1,000 in a certificate of deposit with a simple interest rate of 3%. Find the interest earned in 6 years. Then find the total of principal plus interest.

+2
Answers (1)
  1. 19 November, 12:36
    0
    SI = prt / 100

    SI = (1000 x 3 x 6) / 100

    SI = 180

    Amount = 1000 + 180 = 1180
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Abbi invested $1,000 in a certificate of deposit with a simple interest rate of 3%. Find the interest earned in 6 years. Then find the ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers