SOLUTION: if i put 2000 in a cd account for 2 years how much money should it genarate

Question 757520: if i put 2000 in a cd account for 2 years how much money should
it genarate
Answer by LearnWithMajor(33) (Show Source): You can put this solution on YOUR website!
Depends on the interest rate of the CD. Simple interest formula is I = p*r*t which stands for interest equals principle times interest rate times time(years) so for this problem principle equals 2000 and time equals 2.

Remember interest rate must be in its fraction or decimal form.
Exp. If the interest rate was 2%

At 2% interest a CD with a 2000 principle will generate $80 of interests.
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