Question

You put $750 into a certificate of deposit. Your simple annual interest rate is 4%. You receive a check for the interest at the end of each year. How long will it take to earn $150 in interest?
A) 5years
B) 6years
C) 7years
D) 8years

Answer 1

A) 5years☑️☑️☑️
B) 6years
C) 7years
D) 8years

Answer 2

A) 5years ✔✔✔✔✔✔✔✔✔✔✖✖✖✖✖✖