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?

It will take (blank) years.

Fill in the blank spots. If you answer you would get brainliest answer!1

Question

Nikhil Chung

13 August, 13:57

+4

Answers (1)

Know the Answer?

Neveah Stephens · Answer 1

I think the answer is 2 years.

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

So 336 divided by 168 is 2.

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?It will take (blank) years.Fill in the blank spots. If you answer you would get brainliest answer!1