Ask Question
30 October, 21:10

A certificate of deposit has an annual simple interest rate of 5.25%. If $567 in interest is earned over 6 years, how much was invested?

+5
Answers (1)
  1. 31 October, 00:30
    0
    The interest isPrt

    so P*0525*6=567

    P=567/0.0525/6=1800
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A certificate of deposit has an annual simple interest rate of 5.25%. If $567 in interest is earned over 6 years, how much was invested? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers