Question 601502
If I put 1,000 dollars on a cd for 6 months with 35% intrest rate how much with it add up to when I check on it on the 6th month.
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If it's 35% per year, then you get 17.5% of $1000 = $175 interest --> $1175.
Unless it's compound interest, then you have to state the compounding period.