SOLUTION: David is a sprinkler system installer. he invested $1500.00 in a guaranteed investment certificate for 2 years. the interest rate is 2.5% a year. How much interest will David earn?

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Question 802787: David is a sprinkler system installer. he invested $1500.00 in a guaranteed investment certificate for 2 years. the interest rate is 2.5% a year. How much interest will David earn?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
David is a sprinkler system installer. he invested $1500.00 in a guaranteed investment certificate for 2 years. the interest rate is 2.5% a year. How much interest will David earn?
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Simple or compound interest??
Cheers,
Stan H.