Ask Question
5 August, 21:43

Ms. Zimmer invested $5000 on a CD for 8 months. She earned $120 interest. What is the rate of the CD? A. 3%C. 0.3%B. 3.6%D. 36%

+1
Answers (1)
  1. 5 August, 22:00
    0
    The rate is 0.3%

    5000 x 0.003 = 15

    15 x 8 = $120
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ms. Zimmer invested $5000 on a CD for 8 months. She earned $120 interest. What is the rate of the CD? A. 3%C. 0.3%B. 3.6%D. 36% ...” 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