document.write( "Question 757520: if i put 2000 in a cd account for 2 years how much money should
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Algebra.Com's Answer #460862 by LearnWithMajor(33)![]() ![]() ![]() 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. \n" ); document.write( " \n" ); document.write( "Remember interest rate must be in its fraction or decimal form. \n" ); document.write( "Exp. If the interest rate was 2% \n" ); document.write( " \n" ); document.write( "At 2% interest a CD with a 2000 principle will generate $80 of interests. \n" ); document.write( " |