Hello,
Her's the problem : Hanna puts $14.000 in a CD ( Certificate if Deposits ) for 5 years. She is paid simple interest at an annual rate of 2.5%
1. How much interest does she earn overall ?
I found :$14.000 x 0.025 x 5 years = 1750
2. How much is the account worth at the end of the 5 years ?
I found : Then $14.000 + 1750 = $15750
Let me know guys !
Thank you :)
