Ask Question
15 July, 19:43

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?

+5
Answers (1)
  1. 15 July, 20:07
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” 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