Donna put $450 into a 6-month certificate of deposit that earns 4.6% simple annual interest. How much interest did the certificate earn?
Answers
Answered by
10
Answer:
$10.35
Step-by-step explanation:
Deposit= $450
Interest rate= 4.6% per year simple
Time= 6 months= 1/2 year
Interest amount:
- Yearly= $ 450*4.6/100= $20.70
- 6 monthly= $20.70*1/2= $10.35
The certificate earned $10.35
Answered by
2
Answer:
The answer is 10.35
Step-by-step explanation
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