SOLUTION: Lupe put $12000 in a certificate of deposit that gained interest at a rate of 8.5%.how much interest did the account gain after 3 months?

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Question 1097240: Lupe put $12000 in a certificate of deposit that gained interest at a rate of 8.5%.how much interest did the account gain after 3 months?
Found 2 solutions by Boreal, jorel1380:
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
I=prt=12000*0.085*.25, the .25 being 1/4 a year
=$3000*0.085
=$255.

Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
.085 x 3/12=.02125
0.02125 x 12000=$255 interest
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