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16 March, 18:05

Donna put $450 into a 6-month certificate of deposit that earns 4.6% simple annual interest. How much interest did the certificate earn?

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  1. 16 March, 21:21
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    First turn the 4.6% into a decimal which is 0.046. Next multiply the 0.046 my 450 which gives you 20.7. So she earned $20.70 on interest.
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