Ask Question
11 September, 20:10

A certificate of deposit has an annual simple interest rate of 5.25%. If $567 in interest is earned over 6 years, how much was invested?

+2
Answers (1)
  1. 11 September, 20:16
    0
    The interest isPrt

    so P*0525*6=567

    P=567/0.0525/6=1800
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A certificate of deposit has an annual simple interest rate of 5.25%. If $567 in interest is earned over 6 years, how much was invested? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers