document.write( "Question 757520: if i put 2000 in a cd account for 2 years how much money should
\n" ); document.write( " it genarate
\n" ); document.write( "

Algebra.Com's Answer #460862 by LearnWithMajor(33)\"\" \"About 
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( "\"I+=+2000%2Ar%2A2\"
\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( "\"I+=+2000%2A0.02%2A2+=+80\"
\n" ); document.write( "At 2% interest a CD with a 2000 principle will generate $80 of interests.
\n" ); document.write( "
\n" );