SOLUTION: David is a sprinkler system installer. he invested $1500.00 in a guaranteed investment certificate for 2 years. the interest rate is 2.5% a year. How much interest will David earn?

Question 802787: David is a sprinkler system installer. he invested $1500.00 in a guaranteed investment certificate for 2 years. the interest rate is 2.5% a year. How much interest will David earn?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
David is a sprinkler system installer. he invested $1500.00 in a guaranteed investment certificate for 2 years. the interest rate is 2.5% a year. How much interest will David earn?
-------
Simple or compound interest??
Cheers,
Stan H.

RELATED QUESTIONS
find the accumulated value of an investment if $1500 is invested at 14% compounded... (answered by rfer)

Pep invested x dollars in a savings account and y dollars in a certificate of deposit,... (answered by MathTherapy)

You have $10,000 which you will invest for the next four years. You are considering the... (answered by cp24)

$1500 was invested for 2 years in an account that pays interest compounded annually. What (answered by ewatrrr)

Norm invested $7500 in a certificate that will pay him 7% compound interest per year.... (answered by rfer)

You decide to invest $100,000 in a program that is guaranteed to grow by2.5% for each of... (answered by Boreal)

You decide to invest $100,000 in a program that is guaranteed to grow by 2.5% for each... (answered by jorel1380)

An investment of $10000 is guaranteed to have a return of $25000 in 20 years. If the... (answered by jim_thompson5910)

Karen has a total of $4000, part in a savings account and the rest in a certificate of... (answered by ewatrrr)