After 6 years, Federico earned $1485 in simple interest from a cd into which he initially deposited $ 9000. What was the annual interest rate of the cd?
A. 2.75% B. 5.5% C. 8.25 D. 11%
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “After 6 years, Federico earned $1485 in simple interest from a cd into which he initially deposited $ 9000. What was the annual interest ...” 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.
Home » Mathematics » After 6 years, Federico earned $1485 in simple interest from a cd into which he initially deposited $ 9000. What was the annual interest rate of the cd? A. 2.75% B. 5.5% C. 8.25 D. 11%