ZLG asked:
Question:
Akida has invested $10,000 in an 18-month Certificate of Deposit that pays 6.25%. How much interrest will Akida receive at maturity?
Question:
Akida has invested $10,000 in an 18-month Certificate of Deposit that pays 6.25%. How much interrest will Akida receive at maturity?
Answer:
what i did was multiply 10,000 *.0625 * 18 = $11,250
so her interest would be = $1,250.
IS THIS CORRECT? PLEASE HELP!
can you pelase show me how you did it?
Katherine
