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28 September, 02:34

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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  1. 28 September, 03:33
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    Every six months he gains an extra 375 dollars
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