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31 October, 08:29

You put $3000 in a CD (certificate of deposit) at the promotional rate of 5.6% simple interest. How long will it take to earn $336 in interest?

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  1. 31 October, 08:37
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    2 years

    Step-by-step explanation:

    First take 5.6 percent of 3000. Which is 5.6/100*3000 = 168.

    So 336 divided by 168 is 2.
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