document.write( "Question 732321: You invest #300 into a 2 year certificate of deposit that earns 6.5% simple annual interest. What is the balance at the end of 2 years? \n" ); document.write( "

Algebra.Com's Answer #852913 by ikleyn(53521) $\"\"$ $\"About$

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\n" ); document.write( "You invest #300 into a 2 year certificate of deposit that earns 6.5% simple annual interest.
\n" ); document.write( "What is the balance at the end of 2 years?
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document.write( "Use the formula for the future value of a simple interest account\r\n" );
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document.write( "    FV = 300*(1+0.065*2) = 339.    <<<---===  ANSWER\r\n" );
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\n" ); document.write( "\n" ); document.write( "Solved.\r
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\n" ); document.write( "\n" ); document.write( "The answer in the post by @lynnlo is incorrect.\r
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\n" ); document.write( "\n" ); document.write( "Simply ignore his post.\r
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