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erastovalidia [21]
2 years ago
3

Alex invested $400 in a CD that pays 3% simple interest, calculated semiannually. How much money will Alex earn in 2 years?

Business
1 answer:
seraphim [82]2 years ago
8 0

S.I. = P * R * T / 100
I = 400 * 3 * 2 /100
I = 2400 / 100
I = 24

In short, Your Answer would be $24

Hope this helps!
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Please see attachment .

Download pdf
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