SOLUTION: How much would you earn in interest on a 5 year 7,000 dollar cd at 2.11% annually

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Question 903419: How much would you earn in interest on a 5 year 7,000 dollar cd at 2.11% annually
Found 2 solutions by stanbon, YvonneGodsway:
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
How much would you earn in interest on a 5 year 7,000 dollar cd at 2.11% annually
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I = Prt
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I = 7000*0.0211*5 = $738.50
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Cheers,
Stan H.
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Answer by YvonneGodsway(2) About Me  (Show Source):
You can put this solution on YOUR website!
Intrest= %28Principal+x+rate+x+time%29%2F100
principal= $7000
Time= 5 years
Rate= 2.11%
I=+%287000x5x2.11%29%2F100
Intrest= $738.5