Question 961376
With simple interest, he will have
{{{ 1500*( 1 + .0225 ) }}} 
{{{ 1500*1.0225 = 1533.75 }}}
after 1 year
---------------
With the CD, after 1 year, he has:
{{{ A = 1500*( 1 + .06/2 )^( 2*1 ) }}}
{{{ A = 1500*1.03^2 }}}
{{{ A = 1500*1.0609 }}}
{{{ A = 1591.35 }}}
------------------
{{{ 1591.35 - 1533.75 = 57.6 }}}
The CD earns $57.60 more interest than
with simple interest account