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16 January, 06:05

Ms. Zimmer invested $5000 on a CD for 8 months. She earned $120 interest. What is the rate of the CD? A. 3%C. 0.3%B. 3.6%D. 36%

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  1. 16 January, 06:16
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    The rate is 0.3%

    5000 x 0.003 = 15

    15 x 8 = $120
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