Flaminggorilla
Flaminggorilla Flaminggorilla
  • 16-05-2017
  • Mathematics
contestada

After 3 years, Remington earned $390 in simple interest from a CD into which he initially deposited $4000. What was the annual interest rate of the CD?

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 16-05-2017
R=I/pt
R=(390÷(4,000×3))×100
R=3.25%
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